Steak n' Shake CEO: Transaction fees have been reduced by 50% since opening Bitcoin payments

PANews reported on May 28 that, according to CoinDesk, Dan Edwards, chief operating officer of the American fast-food chain Steak n' Shake, said at the "Bitcoin 2025" conference that since the opening of Bitcoin payments on May 16, transaction processing fees have been reduced by 50% compared with credit card payments. 1 out of every 500 Bitcoin transactions worldwide takes place at the restaurant.

Edwards noted that Bitcoin payments not only save merchants costs, but also provide customers with new options in parallel with traditional payment methods. The company also allows franchisees to use Bitcoin to buy franchises. Building on its successful payments experience, Steak n' Shake is exploring technological innovations such as robo-taxis, smart chefs, and drone delivery.

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