Cardano Price Prediction: Traders Chase DeepSnitch AI Presale for 100x Potential and ADA Primed for Breakout as Steak ‘n Shake Adds $10M Bitcoin CoinCentral
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As the global race to tap into cryptocurrency’s full potential picks up, businesses are now marching alongside nations to cash in on crypto payments, primarily recognizing Bitcoin as a feasible medium. After immense support from the U.S., El Salvador, and tech giants such as MicroStrategy and Metaplanet, American fast-food chain company ‘Steak n Shake’ now joins the foray, recognizing the flagship coin as a value-worthy asset.
According to an X post by the American food-chain company on May 9, “Steak n Shake will now accept Bitcoin payments at all its branches nationwide shortly ahead.” This announcement, whilst BTC price is once again back on a bullish track near $100k, has underscored rising crypto adoption in the U.S. under Trump’s pro-crypto presidency.
Steak N Shake To Accept Bitcoin Payments, More Crypto Payments To Be Accepted Soon?
Steak n Shake’s latest X post revealed that the American fast food chain company will start accepting Bitcoin payments starting May 16. Further, the food-chain company added that “The movement is just the beginning..,” hinting at the firm’s future plans to roll out more such endeavors.
Also, the X post concluded with a peculiar note that read “Steaktoshi,” further bringing attention towards Satoshi Nakamoto, the flagship crypto’s anonymous creator. It’s also worth mentioning that this decision by the fast food chain, as the Bitcoin Pizza Day nears, has sparked additional discussions. Nearly a decade and a half back, on May 22, programmer Laszlo Hanyecz spent 10,000 BTC to buy a pizza, the first-ever fast food payment made via Bitcoin.
Meanwhile, Steak n Shake currently has a staggering 393 outlets across the U.S. spread out in 23 states and territories.
Further, this news has rung the chorus bells for crypto market participants as the flagship coin’s utility and real-life use cases continue to gain traction. In turn, BTC further cements its dominant stance across the broader global market, attracting more investors with its potential.
At the time of reporting, BTC price soared nearly 6% intraday and exchanged hands at $102,754. The flagship coin hit an intraday bottom and peak of $99,122.68 and $104,297.49 in the past 24 hours. Intriguingly, a BTC price analysis by CoinGape further revealed that the crypto has rallied against the backdrop of strong market technicals and Trump-fueled positivity.
The post Bitcoin Can Now Pay for Your Next Burger at Steak ‘n Shake appeared first on CoinGape.
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- All 300+ US locations included in launch. Starbucks.
- Chipotle use fiat-converted crypto.
- Venezuela and El Salvador show mixed results.
Bitcoin is about to face one of its most practical tests yet.
American fast-food chain Steak ‘n Shake announced that it will begin accepting the world’s largest cryptocurrency at all of its US locations starting 16 May.
With more than 300 outlets and over 100 million customers annually, the rollout positions Steak ‘n Shake as a major player in the push to normalise crypto in everyday transactions.
The decision also comes at a time when mainstream retailers are under pressure to modernise payment systems.
For Bitcoin, long seen more as a store of value than a spendable currency, the partnership presents a real-world opportunity to demonstrate its utility—particularly in a low-margin, high-speed retail setting that will challenge its scalability and efficiency.
Thin margins, high volume
Fast food chains rely on speed, volume, and efficiency to remain profitable.
Unlike high-end retail, where large margins allow room to experiment with alternative payment methods, companies like Steak ‘n Shake must ensure any system change is reliable and cost-effective.
Bitcoin’s integration, therefore, becomes more than a gimmick—it is a stress test for how well the cryptocurrency can perform under retail pressure.
The announcement was teased in March with a post on X (formerly Twitter), where Steak ‘n Shake asked followers whether it should accept Bitcoin. That post drew attention from high-profile figures, including former Twitter CEO Jack Dorsey.
The company followed up with crypto-themed marketing, including a tweet referencing Elon Musk’s Mars ambitions and Robert F. Kennedy Jr.’s vocal support for both Bitcoin and beef tallow.
Past attempts and pilots
The upcoming rollout differs from earlier, limited experiments by other food chains.
Starbucks enabled BTC wallet top-ups in 2021 through the Bakkt app, though the crypto was converted to dollars before reaching the till.
Chipotle began accepting over 90 cryptocurrencies in 2022, including Bitcoin, Ether, and Solana, through Flexa—again with automatic conversion to fiat currency.
Subway was one of the first fast food chains to test Bitcoin payments back in 2013 at select franchises.
Although some stores in crypto-forward cities later revived the initiative, there was no national implementation.
Global rollouts and legal tender
Outside the US, crypto adoption in food retail has typically responded to local economic pressures.
In Venezuela, Burger King briefly accepted Bitcoin and other digital assets in 2020 via a partnership with Latin American platform Cryptobuyer.
However, this was limited in scope and short-lived.
El Salvador went further by declaring Bitcoin legal tender in 2021.
Major brands like Pizza Hut and Starbucks quickly offered crypto payments in the country.
Despite the fanfare, national usage has remained low, with some reports citing infrastructure gaps and inconsistent user experiences.
Native crypto or fiat?
Steak ‘n Shake has yet to confirm whether it will process Bitcoin natively or convert it to fiat at checkout.
Previous retail integrations have mostly favoured instant conversion tools to manage volatility.
The answer could define whether this rollout represents genuine on-chain adoption or simply another workaround.
If the rollout succeeds, it could prompt other national chains to reassess crypto payments.
If it fails, it may reinforce doubts about Bitcoin’s use in everyday commerce.