{"id":69642,"date":"2025-05-28T02:53:21","date_gmt":"2025-05-28T02:53:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=69642"},"modified":"2025-05-28T02:53:21","modified_gmt":"2025-05-28T02:53:21","slug":"steak-n-shake-slashes-fees-by-50-after-bitcoin-rollout","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=69642","title":{"rendered":"Steak \u2018n Shake Slashes Fees by 50% After Bitcoin Rollout"},"content":{"rendered":"

Steak \u2018n Shake might be famous for its burgers and milkshakes, but now it\u2019s making headlines for something entirely different: Bitcoin. The American fast-food chain recently shared that it\u2019s seeing early success after adopting Bitcoin payments at all U.S. locations, and the numbers are turning heads across both the crypto and restaurant industries.<\/span><\/p>\n

Fast-Food Meets Lightning Network<\/span><\/h2>\n

At the Bitcoin 2025 Conference in Las Vegas, Steak \u2018n Shake COO Dan Edwards took the stage with a bold claim: the company has already cut payment processing fees in half thanks to Bitcoin. Instead of relying on traditional credit card rails, which often come with fees between 2 and 3 percent, the chain has been using the Lightning Network, a layer-2 solution that allows for fast and low-cost Bitcoin transactions.<\/span><\/p>\n

JUST IN: STEAK N SHAKE JUST SAID “#BITCOIN<\/a> IS FASTER THAN CREDIT CARDS”. “WE ARE SAVING 50% IN PROCESSING FEES”<\/p>\n

“WE ARE SEEING A SPIKE IN GROWTH AFTER ACCEPTING BTC” pic.twitter.com\/I9feEBbjZW<\/a><\/p>\n

\u2014 The Bitcoin Historian (@pete_rizzo_) May 27, 2025<\/a><\/p>\n\n

The Lightning Network doesn\u2019t just speed up payments. <\/span>It slashes costs, reduces reliance on banks, and <\/span>provides<\/span> a decentralized <\/span>way to transfer<\/span> funds.<\/span> That\u2019s a big deal in an industry where margins are notoriously tight.<\/span><\/p>\n

1 in 500 Global Bitcoin Transactions<\/span><\/h2>\n

According to Edwards, Steak \u2018n Shake didn\u2019t just quietly test this out. On <\/span>day one<\/span> of the rollout, the chain was responsible for one in every 500 Bitcoin transactions globally. <\/span>That might not sound huge, but for a burger chain to make <\/span>that kind of<\/span> impact in the Bitcoin ecosystem, especially <\/span>in<\/span> 24 hours, is no small feat.<\/span><\/p>\n

DISCOVER: Top 20 Crypto to Buy in May 2025<\/a><\/strong><\/p>\n

Cutting Costs Without Cutting Corners<\/span><\/h2>\n

The move wasn\u2019t just about making headlines. Edwards emphasized that lower transaction fees translate directly to better margins, a crucial edge in the fast-food business. <\/span>By reducing payment costs by nearly 50%, the company can reinvest that money <\/span>into<\/span> operations, staffing, or customer experience.<\/span><\/p>\n

<\/strong><\/p>\n

\n
\n
\n
<\/div>\n
–<\/div>\n
Price<\/div>\n
Market Cap<\/div>\n
–<\/div>\n
–<\/div>\n
–<\/div>\n<\/div>\n
\n
\n