Bitcoin on the menu: American fast food chains are encrypted nationwide

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American FastFood Chain Steak ‘N Shake will begin implementing Bitcoin payments at all US restaurants starting May 16th. The news was announced on May 9th via a tweet from X.

The news has been a long wait by many people in the Crypto community, which have been speculated since March.

Dorsey offers official approval

Former Twitter CEO and longtime Bitcoin supporter Jack Dorsey offered a heartfelt “yes” when he asked on social media a few weeks ago. The reaction to that single word became a hot topic and kept the debate alive. Since then, Steak’N Shake has been encouraging Bitcoin-related promotions on the site, including Tesla giveaways and vaguely coded messages, creating interest.

Steak’n Shake will be one of only a handful of national restaurant chains to go to go to be completely committed from testing water. This is not a beta test. Starting May 16th, any customer who wants to buy a shake with burgers, fries and Bitcoin can do so in restaurants in all parts of the US.

Over 100 million customers can use Bitcoin

The company says it will be able to use the new payment options to more than 100 million customers nationwide. It’s a huge audience. Other chains have dabbled in crypto, but most have kept it in a few places or limited exams.

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BTC is currently trading at $103,128. Chart: TradingView

Chipotle began paying for Crypto until 2022 through a service called Flexa, which accepts around 100 cryptocurrencies such as Bitcoin, Ethereum, and Solana.

The subway has tested Crypto since 2013. MacDonald’s is paying for Bitcoin in Lugano, Switzerland. Pizza Hut and Burger King have tested and introduced limited promotions and trials, particularly in countries such as El Salvador, where Bitcoin is the fiat currency.

Crypto and FastFood share history

The connection between Bitcoin and FastFood is not new. In 2010, a Florida man named Lasilo Honeyets paid 10,000 BTC for two pizzas. Today it is worth hundreds of millions of dollars. The day he spent that money is now celebrated annually as Bitcoin Pizza Day.

Now, over a decade later, Steak’n Shake will give that connection to the latest “flavors” and force customers to pay for meals with the same kind of digital money.

Payment technology continues to advance

The Steak ‘n Shake announcement is the same as crypto payments being easier to use. In April, a company called Mesh began integration with Apple Pay. This allows merchants to accept Crypto via Apple Pay.

Unsplash featured images, TradingView charts

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