Steak 'n Shake announced its decision to accept Bitcoin payments nationwide starting May 16, integrating cryptocurrency into practices at over 500 restaurants. This development follows a series of teasers and social media speculation, engaging both casual customers and renowned Bitcoin supporters like Jack Dorsey. The initiative reflects a broader application of Bitcoin in everyday purchases, breaking traditional barriers previously faced by the fast food industry. While excitement surrounds this shift, key details on the payment implementation and whether Bitcoin earnings will be converted into cash remain uncertain. Furthermore, the timing coincides with Bitcoin Pizza Day on May 22.
Steak n Shake accepting Bitcoin payments at all locations starting May 16, making the cryptocurrency available to our more than 100 million customers.
Unlike previous food industry pilots limited to test markets, Steak 'n Shake is going all-in from day one.
This rollout will bring Bitcoin payments to over 500 restaurants nationwide, putting BTC into real world use for high frequency, low cost food purchases.
It is also unclear if Steak 'n Shake will be converting any earned BTC into cash or if they will HODL their earnings.
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