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 stated that it has already proven advantageous for both the company and its customers.

Speaking at the Bitcoin 2025 conference in Las Vegas on Tuesday, Edwards shared that bitcoin payments are more efficient and less costly compared to traditional credit card transactions.

“When customers choose to pay in bitcoin instead of credit cards, we are saving about 50% in our processing fees,” Edwards expressed. “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.”

He elaborated that on the very day Steak n’ Shake began accepting bitcoin, approximately one in every 500 bitcoin transactions occurring globally took place at their restaurants.

“Accepting bitcoin allows us to meet our customers where they are,” Edwards continued. “We aimed to provide our customers with another viable option for payment alongside cash and credit cards, positioning bitcoin as an equal method of transaction.”

Moreover, customers can use bitcoin not just for meals like burgers and fries; the chain is also facilitating the purchase of franchises with bitcoin.

Riding on this success, Edwards mentioned that the company is investigating further technological innovations to enhance their services, such as introducing robo-taxis, cyber-chefs, and drones.