- Steak ‘n Shake will start accepting Bitcoin as payment at all U.S. locations beginning May 16.
- The move marks one of the first system-wide crypto payment rollouts by a national fast food chain, according to statements posted on X.
Steak ‘n Shake, a nationwide fast food chain, will start accepting Bitcoin payments at all its U.S. restaurants beginning May 16. The company announced that this new payment method will be available to its more than 100 million customers, allowing them to use the digital currency for purchases such as milkshakes and burgers.
The announcement was made public through the brand’s official social media accounts. According to the company, “The movement is just beginning,” it posted on X (formerly Twitter). The rollout will serve as a real-world test for Bitcoin’s transaction speed, cost, and usability at the high volume and thin margins typical of fast food operations.
Steak ‘n Shake had first hinted at the possibility in March, when it polled its followers on social media about accepting Bitcoin, a move that drew attention from industry figures, including former Twitter CEO Jack Dorsey. Since then, the company has engaged potential customers with additional crypto-focused marketing, leading up to the official announcement.
The fast food sector has seen some experimentation with cryptocurrency in the past decade, but most efforts were brief or limited. Starbucks previously let users reload its app via the Bakkt platform, converting Bitcoin into dollars before completing transactions. Meanwhile, Chipotle added crypto payment options through a partnership with Flexa, but funds are also converted to dollars at checkout. Subway piloted Bitcoin payments at a handful of locations in 2013, with sporadic returns in select markets.
Internationally, chains such as Burger King in Venezuela experimented with accepting Bitcoin and altcoins in response to local currency instability, but these projects were short-lived. In El salvador, where Bitcoin became legal tender in 2021, mainstream brands like Pizza Hut began accepting the cryptocurrency at their outlets.
As Steak ‘n Shake rolls out Bitcoin nationwide, it stands as a rare example of full-scale adoption in the fast food industry, potentially setting a new standard for crypto payments in high-traffic national chains.
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