Bitcoin Payments Help Steak n’ Shake Cut Processing Fees in Half, Says COO

Steak n’ Shake’s Bitcoin Rollout Cuts Fees, Sets Sights on Tech-Driven Future

From crypto payments to robo-taxis: fast food meets innovation

LAS VEGAS, Nevada — Steak n’ Shake is moving fast into the future. Just two weeks after introducing bitcoin payments, the iconic American fast-food chain is already seeing a major boost, says COO Dan Edwards.

Speaking at Bitcoin 2025 in Las Vegas, Edwards shared that bitcoin payments have cut the company’s processing fees in half compared to traditional credit card transactions. “It’s a win for everyone — customers save, we save, and the bitcoin community benefits,” he said.

On day one of accepting bitcoin, Steak n’ Shake accounted for one in every 500 bitcoin transactions worldwide, a promising sign of strong demand.

“Customers want options that fit their lifestyle, and bitcoin is now right alongside cash and credit cards as a top choice,” Edwards explained.

The company isn’t stopping at payments. Franchisees can now buy into Steak n’ Shake using bitcoin, opening new doors for crypto adoption in the business world.

Looking ahead, Steak n’ Shake plans to embrace cutting-edge tech — think robo-taxis delivering orders, automated chefs cooking up meals, and drones speeding up deliveries. Edwards says the goal is to blend delicious food with innovative technology for a truly modern dining experience.