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.
