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How Steak ’n Shake Uses Bitcoin to Boost Sales and Reward Employees

How Uses Bitcoin to Boost Sales and Reward Employees

A classic American fast-food chain is making waves by embracing cryptocurrency. , known for its burgers and shakes, now says Bitcoin payments are driving up sales. This move shows how blockchain tech is entering everyday shopping.

The Start of ‘s Bitcoin Journey

Nine months ago, began accepting Bitcoin for meals. The company shared this update on social media. Since then, same-store sales have jumped a lot. This is big news for a chain facing tough competition in fast food.

Customers can now pay for burgers, fries, and shakes with Bitcoin. This appeals to crypto fans and helps attract new buyers. It’s a smart way to stand out.

How Bitcoin Payments Work at

When diners pay with Bitcoin, the funds go into a special reserve. This reserve is used for Bitcoin bonus pay for workers. Employees get extra pay in Bitcoin, which can grow in value over time.

The company also added $10 million in Bitcoin to its treasury. This creates a cycle: more Bitcoin payments lead to higher sales, which lets them buy more Bitcoin. It’s a self-boosting system.

  • Customers pay with Bitcoin.
  • Sales go up.
  • Reserve grows for employee bonuses.
  • Treasury holds more Bitcoin.

Real Sales Results and Cost Savings

Right after starting Bitcoin payments in May, sales rose by 10%. Leaders say this trend continues. The chain’s COO noted they save about 50% on payment costs compared to cards. No high fees from banks means more money stays in the business.

Lower costs plus higher sales make Bitcoin a win-win. It’s not just hype—numbers back it up.

The Bitcoin Burger: Fun Meets Philanthropy

To celebrate, added a Bitcoin-themed burger. Part of each sale goes to open-source Bitcoin projects. This builds community goodwill and draws crypto lovers to stores.

It’s a clever marketing play. Food plus crypto creates buzz on social media and news sites.

Why Bitcoin is Gaining Ground in Fast Food

Cryptocurrency is no longer just for tech geeks. People use it for travel, gadgets, cloud services, luxury items, and bills. Tools convert crypto to local money at checkout, making it easy.

Fast food like shows crypto’s reach into daily life. Low fees and fast global payments help small businesses compete.

The Bigger Picture: Stablecoins and Payment Wars

The real game-changer might be stablecoins. These are crypto tied to dollars, used on cards. Users hold value outside banks but spend like normal.

This shakes up finance. Card giants like Visa and Mastercard add stablecoins to stay relevant. Issuers like Circle and Paxos want to control the base money layer. FinTechs, exchanges, and wallets fight for users.

It’s a three-way race:

  1. Card networks avoid losing ground.
  2. Stablecoin makers aim to power payments.
  3. Apps battle for customer loyalty.

Lessons for Other Businesses

‘s story offers tips:

  • Save on fees: Crypto cuts middlemen costs.
  • Attract new customers: Crypto users spend more.
  • Reward staff: Bonuses in Bitcoin motivate teams.
  • Build treasury: Hold crypto for long-term gains.

Small changes like this can transform sales. Other chains might follow soon.

Challenges and the Road Ahead

Bitcoin prices swing, so businesses need smart plans. Volatility can affect reserves. But tools like stablecoins help smooth this.

Lawmakers watch closely. Clear rules could speed adoption. For now, pioneers like lead the way.

Expect more eateries to try crypto. It could redefine fast-food payments.

Final Thoughts

proves Bitcoin can beef up sales. From higher revenue to happy workers, benefits are clear. As crypto goes mainstream, watch for more real-world wins.

Will your favorite spot accept Bitcoin next? The burger-to-blockchain shift is here.


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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

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