Steak – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Wed, 28 May 2025 00:06:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Steak – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Fast food giant Steak ‘n Shake launches Bitcoin payments, boosts financial efficiency https://earlybirdsinvest.com/fast-food-giant-steak-n-shake-launches-bitcoin-payments-boosts-financial-efficiency/ https://earlybirdsinvest.com/fast-food-giant-steak-n-shake-launches-bitcoin-payments-boosts-financial-efficiency/#respond Wed, 28 May 2025 00:06:30 +0000 https://earlybirdsinvest.com/fast-food-giant-steak-n-shake-launches-bitcoin-payments-boosts-financial-efficiency/

Fast food chain Steak ‘n Shake has expanded its payment options to include Bitcoin (BTC) at all of its locations globally, where regulations permit.

The rollout, which began on May 16, utilizes the Lightning Network to enable faster and lower-cost transactions.

The company’s COO, Dan Edwards, revealed the development on May 27 at the Bitcoin 2025 Conference in Las Vegas, which kicked off the same day and included a keynote by Senator Cynthia Lummis and Council of Advisers for Digital Assets executive director Bo Hines.

Exceeded expectations

Edwards revealed that the initial response exceeded expectations. On the first day alone, Steak ‘n Shake accounted for 1 out of every 500 Bitcoin transactions worldwide. He attributed this to strong interest from customers eager to use Bitcoin as a payment method in a real-world retail setting.

The company is already seeing measurable financial benefits from the integration. Edwards said Bitcoin payments have allowed Steak ‘n Shake to reduce its payment processing fees by approximately 50% compared to traditional credit card transactions.

This is due in part to the efficiency of the Lightning Network, which facilitates near-instant settlement with lower transaction costs.

Edwards emphasized that the decision to integrate Bitcoin was a serious and permanent addition to the company’s payment infrastructure. He further clarified that it was not a promotional experiment or limited-time offering, but rather a long-term option that the company now supports alongside traditional fiat methods.

To mark the launch, several locations in Las Vegas introduced special Bitcoin-themed menu items. These include the Bitcoin Burger, Super-Sized Bitcoin Meal, and Bitcoin Milkshake. Edwards also said the company is working on a new “blockchain menu,” though further details were not provided.

Seamless implementation

According to Edwards, the technical implementation was designed to be seamless and accessible for customers.

Since enabling Bitcoin payments, Steak ‘n Shake has observed a sustained increase in transaction activity. Edwards stated that customer behavior shifted quickly following the integration, with many opting to pay in Bitcoin and returning for repeat purchases.

The company has not yet released specific transaction volumes but indicated that the trend has continued beyond the initial launch period.

In addition to payment acceptance, Edwards noted that Steak ‘n Shake is investing in broader digital transformation. He referenced upcoming plans involving autonomous systems, AI, and blockchain-related technology, and confirmed that the company is actively hiring engineers to support these initiatives.

Edwards concluded his remarks by encouraging the audience to recognize Bitcoin’s growing utility in retail and hospitality environments. He framed the rollout as part of Steak ‘n Shake’s continued evolution in response to shifting customer expectations and new technology standards.

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]]> https://earlybirdsinvest.com/fast-food-giant-steak-n-shake-launches-bitcoin-payments-boosts-financial-efficiency/feed/ 0 38679 Steak n’ Shake COO Says Bitcoin Payments Cut Processing Fees in Half https://earlybirdsinvest.com/steak-n-shake-coo-says-bitcoin-payments-cut-processing-fees-in-half/ https://earlybirdsinvest.com/steak-n-shake-coo-says-bitcoin-payments-cut-processing-fees-in-half/#respond Tue, 27 May 2025 19:41:04 +0000 https://earlybirdsinvest.com/steak-n-shake-coo-says-bitcoin-payments-cut-processing-fees-in-half/

LAS VEGAS, Nevada — Steak n’ Shake has only been accepting bitcoin payments for two weeks, but the American fast food chain’s COO Dan Edwards said it’s already been a “win” for both the company and its customers.

Speaking at Bitcoin 2025 in Las Vegas on Tuesday, Edwards said that bitcoin payments have been faster and cheaper than traditional credit card payments.

“When customers choose to pay in bitcoin instead of credit cards, we are saving about 50% in our processing fees,” Edwards said. “This means that bitcoin is a win for the customer, it’s a win for us as a merchant, and it’s a win for the bitcoin community.”

Edwards said that on May 16, the day Steak n’ Shake began accepting bitcoin payments, one in every 500 bitcoin transactions globally happened at Steak n’ Shake.

“Accepting bitcoin allows us to meet our customers where our customers are,” Edwards said. “We were seeking to provide our customers with another viable option by which to pay for our products. We understand that allowing customers to pay with bitcoin alongside cash and credit cards, puts bitcoin on par with those methods, those other globally accepted payment methods.”

Edwards added that you can buy more than just a burger and beef tallow fries with your bitcoin at Steak n’ Shake – the company is also allowing would-be franchisees to purchase their franchises with bitcoin.

Riding the success of bitcoin payments, Edwards said the company is looking for other ways it can embrace technology to bring its food into the future — including robo-taxis, cyber-chefs, and drones.

]]> https://earlybirdsinvest.com/steak-n-shake-coo-says-bitcoin-payments-cut-processing-fees-in-half/feed/ 0 38640 Steak ‘n Shake accepts Bitcoin via the Lightning Network beyond our location https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/ https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/#respond Sun, 18 May 2025 13:33:44 +0000 https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/


Steak’N Shake officially began paying for Bitcoin via the Lightning network following an announcement reported on May 9th. At the time, the fast food chain tinkered with plans to integrate BTC, creating excitement across the Bitcoin community. And today, it’s an option at the cash register, or better yet, the Bitcoin register.

As of today, customers can pay for meals in Bitcoin at Steak’n Shake locations across the US. This is a major step in mainstream Bitcoin adoption as the chain serves more than 100 million customers a year, offering the option to use lightning bolts in immediate, low-cost transactions.

The company announced news about X this morning, confirming that Lightning Network payments are officially supported in store.

Next, they revealed the scale of the implementation. This is not a small test or pilot program. It’s a complete deployment of their entire system.

Bitcoin’s two-tier solution, Lightning Network is designed for fast, scalable and low-cost payments, making it ideal for purchasing POS such as burgers and fries. Steak’n Shake customers can use a supported wallet to scan the Lightning QR code at checkout and complete the transaction in seconds. The system uses a back-end payment processor to process real-time conversions to USD, ensuring stability and ease of use for both customers and merchants.

Previous reports from Bitcoin Magazine recorded that even hints on this move are important, and now it’s official, it confirms Steak’N Shake as one of the first major fast food brands to fully adopt Bitcoin through Lightning. This is beyond the occasional “accepted here” sign. This is a practical and streamlined payment option that reflects Bitcoin’s commitment to integration.

With tools like the Lightning Network making payments faster and more accessible, Steak’N Shake is at the forefront of the shift towards practical, everyday BTC utilities.

This update could indicate a larger trend on the horizon. Steak’N Shake’s move could trigger a similar wave of integration as more brands are watching consumer behavior and making the Lightning network easier to use.

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