Steak ‘n Shake The beginning of accepting Bitcoin As payment at all locations in the U.S. starting May 16, announced the company Thursday. This marks one of largest Bitcoin integrations for fast food to date.
News follows an upsurge of cryptic posts In the past, we have asked a number of questions, “Should Steak ‘n Shake accept Bitcoin?” Bitcoiners on the internet were speculating about an image viral of a Bitcoin-branded rocket. Now, it’s confirmed: Steak ‘n Shake isn’t just memeing — it’s committed to adopting Bitcoin.
With this rollout, Bitcoin payments will reach over 500 restaurant locations nationwide. BTC can now be used in the real world for frequent, low-cost food purchases. It is an important step for crypto currency. Unlike previous food industry pilots limited to test markets, Steak ‘n Shake is going all-in from day one.
Since March, the fast-food brand has built anticipation by gradually layering Bitcoin imagery into its marketing. This sparked conversations on social media, and attracted support from Bitcoin supporters, such as Jack Dorsey. responded Initial “Should Steak n Shake accept Bitcoin?” Tweet with simple instructions: “yes.”
It’s unclear at this time how Steak ‘n Shake will accept Bitcoin payments on a mass scale or whether they will offer the Bitcoin Lightning Network to their customers. In addition to that, it is also unclear if Steak ‘n Shake will be converting any earned BTC into cash or if they will HODL their earnings.
The move comes just days after Bitcoin Pizza Day Commemorating the 2010 historic transaction in which Laszlo Haneyecz famously spent 10,000 BTC on two pizzas.
Other brands such as Chipotle Subway and Burger King are also popular. dabbled in crypto over the years, Steak ‘n Shake’s full-scale, no-pilot launch is one of the boldest plays yet in fast food’s flirtation with Bitcoin.
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Source: bitcoinmagazine.com
