Steak n’ Shake COO Claims Bitcoin Transactions Halve Processing Costs

LAS VEGAS, Nevada — In just two weeks since Steak n’ Shake began accepting bitcoin, the fast food chain’s COO, Dan Edwards, expressed that it has proven beneficial for both their business and patrons.

While addressing attendees at Bitcoin 2025 in Las Vegas on Tuesday, Edwards highlighted that bitcoin transactions are not only quicker but also more cost-effective than standard credit card payments.

He stated, “By enabling customers to pay with bitcoin rather than credit cards, we are reducing our processing fees by approximately 50%. This benefits the customers, the business, and the wider bitcoin community.”

On the day the company started accepting bitcoin payments—May 16—Edwards mentioned that Steak n’ Shake accounted for one in every 500 bitcoin transactions around the world.

“Accepting bitcoin enables us to cater to our customers’ preferences,” Edwards explained. “We aimed to deliver an additional payment option for our offerings. By allowing payments through bitcoin, in addition to cash and credit cards, we elevate bitcoin to the status of these globally recognized payment methods.”

Moreover, Edwards pointed out that customers can purchase not just meals like burgers and fries with bitcoin; they can also use it to buy franchises.

Buoyed by the success of bitcoin payments, Edwards shared that the company is actively exploring further technological innovations to enhance food delivery in the future, including advancements like robo-taxis, cyber-chefs, and drones.