Steak ‘n Shake Embraces Bitcoin, Cuts Processing Fees by Half

Steak ‘n Shake is shaking things up with its latest move: accepting Bitcoin payments using the Lightning Network. This initiative promises lower processing fees and increased sales, setting a precedent for other restaurants to follow suit. The innovation, spearheaded by COO Dan Edwards and his team in collaboration with payment provider Speed, was unveiled at the Bitcoin 2025 Conference. Franchisees can now invest in new locations using Bitcoin, further solidifying their commitment to cryptocurrency.