Steak ’n Shake, known for its delicious burgers and shakes, is in the spotlight for a new development: the adoption of Bitcoin payments across all its U.S. locations. This initiative has apparently yielded impressive results, drawing attention from both the crypto and fast-food realms.

Fast-Food Meets Lightning Network

At the Bitcoin 2025 Conference in Las Vegas, COO Dan Edwards unveiled how the company has halved its payment processing fees through Bitcoin transactions. By leveraging the Lightning Network, a solution designed for rapid and cost-effective Bitcoin transfers, they now avoid the hefty 2-3% fees typically associated with credit cards.

JUST IN: STEAK ‘N SHAKE JUST STATED “#BITCOIN IS FASTER THAN CREDIT CARDS. WE ARE SAVING 50% IN PROCESSING FEES.”
Translation: Steak ’n Shake emphasized that Bitcoin has improved their payment efficiency, leading to significant cost savings.

The Lightning Network not only accelerates transactions but also minimizes costs and enhances independence from banks, which is particularly crucial in the tight-margin food service industry.

1 in 500 Global Bitcoin Transactions

According to Edwards, Steak ’n Shake did not shy away from significant involvement; on the very first day of their Bitcoin implementation, they accounted for 1 in every 500 Bitcoin transactions worldwide. While this may seem modest, the impact stemming from such a well-known burger brand in the Bitcoin ecosystem is substantial.

Cutting Costs Without Cutting Corners

This strategic move is not just a publicity stunt. Edwards pointed out that the reduced transaction fees directly enhance profit margins, allowing the chain to reinvest in their operational and customer quality aspects.

If more restaurants follow this lead, Bitcoin could transform from a niche currency into a common payment method in everyday dining.

A Broader Tech Vision

The adoption of Bitcoin payments is just a slice of Steak ’n Shake’s technological roadmap. Edwards suggested future expansions could reveal AI-enhanced kitchens, drone deliveries, and even loyalty programs using blockchain technology.

The company is considering allowing international franchisees to accept Bitcoin, further supporting cryptocurrencies in regions that permit such transactions.

Customers Get in on the Fun

In celebration of this rollout, Steak ’n Shake has introduced special menu items like the “Bitcoin Burger” and “Bitcoin Milkshake” at selected venues, clever marketing initiatives aimed at promoting first-time Bitcoin transactions.

Real Adoption, Real Results

In a landscape often filled with hype, Steak ’n Shake’s measured approach to Bitcoin has led to quantifiable savings and genuine acceptance almost immediately, all while continuing their core business operations.

This is more than a theoretical case; it solidifies Bitcoin’s role in practical, daily applications of crypto economic exchange.