Steak ’n Shake to Accept Bitcoin Starting May 16
Steak ‘n Shake, a popular American fast food chain, has announced that it will begin accepting Bitcoin as a form of payment in all its locations starting May 16.
The company revealed on X on May 9 that it would make the cryptocurrency available to over 100 million customers, noting that “the movement is just beginning,” before signing off as “Steaktoshi.”
Earlier in March, the fast food chain hinted at the possibility of accepting Bitcoin (BTC) when it asked on social media, “Should Steak ‘n Shake accept Bitcoin?”
This tweet caught the attention of the crypto community and Bitcoin advocates like Jack Dorsey, who quickly responded with a “yes.”
Since then, the firm has gained traction through Bitcoin-themed marketing, Tesla promotions, and visual cues on its social media platforms.
“The future is bright,” the company stated in April. Source: Steak n’ Shake
Related: How to buy food with Bitcoin?
The decision to accept Bitcoin marks a significant milestone in mainstream cryptocurrency adoption, as only a few restaurant chains have transitioned from limited pilot programs to full-scale acceptance.
Cointelegraph reached out to Steak ‘n Shake for further details but did not receive an immediate response.
Crypto for Fast Food
Steak ‘n Shake will join an expanding list of fast food outlets that accept cryptocurrency payments.
Since 2022, Chipotle has accepted nearly 100 different cryptocurrencies through Flexa, including Bitcoin, Ether (ETH), and Solana (SOL).
One of the early adopters of crypto payments was Subway, which piloted Bitcoin transactions as far back as 2013 at select franchises.
KFC launched a “Bitcoin Bucket” promotion in Canada in 2018, allowing customers to purchase with BTC. Meanwhile, McDonald’s accepts Bitcoin in Lugano, Switzerland, as part of a local crypto initiative.
Burger King has accepted crypto gift cards and direct crypto payments in select countries, including Germany, the Netherlands, and Venezuela. In September, Donald Trump used Bitcoin to buy burgers at a bar in New York City.
Pizza Hut became one of the first mainstream brands to accept BTC in El Salvador, where Bitcoin was recognized as legal tender in 2021.
The first-ever Bitcoin transaction for fast food was made by Laszlo Hanyecz on May 22, 2010, famously known as Bitcoin Pizza Day, when he paid 10,000 BTC for two pizzas, worth $40 at that time. Today, those pizzas would be valued at over a billion dollars.
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