Processing Fees Halved Through Bitcoin Payments, Steak n’ Shake COO Confirms

Steak n’ Shake Sees Bitcoin Payments Slash Fees, Charts Path Toward High-Tech Innovation

Fast-food chain embraces crypto, plans automation and drone delivery

LAS VEGAS, Nevada — Two weeks after introducing bitcoin payments, Steak n’ Shake is already enjoying substantial savings and customer enthusiasm, according to COO Dan Edwards.

Addressing attendees at Bitcoin 2025, Edwards explained that bitcoin transactions have cut the company’s payment processing costs by roughly 50% compared to traditional credit cards. “This is a clear win for our customers, our business, and the broader bitcoin community,” he noted.

On launch day, Steak n’ Shake accounted for one in every 500 bitcoin transactions worldwide, underscoring strong early adoption.

“Providing bitcoin alongside cash and credit cards enables us to meet evolving consumer preferences and elevate bitcoin as a mainstream payment method,” Edwards said.

The company is also enabling franchise purchases via bitcoin, opening new opportunities for crypto integration in its growth strategy.

Looking forward, Steak n’ Shake plans to deploy cutting-edge technologies, including autonomous taxis, robotic chefs, and drone delivery systems, positioning itself at the forefront of food service innovation.