Steak n’ Shake’s Bitcoin Launch Cuts Fees by Half, Prepares for Tech-Powered Future
Crypto payments spark savings as fast-food chain eyes robots, drones, and more
LAS VEGAS, Nevada — Steak n’ Shake is already tasting success just two weeks into accepting bitcoin payments, according to COO Dan Edwards.
Speaking at the Bitcoin 2025 conference in Las Vegas, Edwards revealed the fast-food giant is saving roughly 50% on processing fees by allowing customers to pay with bitcoin instead of credit cards. “It’s a win for customers, a win for us, and a win for the entire bitcoin ecosystem,” he said.
On the very first day, Steak n’ Shake handled one out of every 500 bitcoin transactions worldwide, signaling strong customer adoption.
“Accepting bitcoin lets us meet customers where they are,” Edwards explained. “By offering bitcoin alongside cash and credit cards, we’re elevating it to a mainstream, globally accepted payment method.”
Beyond just payments, Steak n’ Shake is letting aspiring franchise owners purchase locations with bitcoin, further embracing digital currency.
Looking ahead, Edwards outlined ambitious plans to integrate futuristic tech such as robo-taxis for delivery, cyber-chefs for cooking, and drones to speed up service — all aimed at transforming fast food in the digital age.
