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- 🏆 Gate Wins “Best Crypto Exchange 2025”!
Gate has been awarded Best Crypto Exchange 2025 at the E-Business Awards by Entrepreneur Middle East, recognizing Gate’s achievements in security, compliance, and user trust.
Thank you to our global community — we’ll keep building a safer, more reliable crypto experience!
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- Earning Growth Points can win an iPhone 16?
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Bitcoin Payments Save Steak ’n Shake 50% in Fees—Credit Cards Can’t Keep Up
Speaking at the Bitcoin 2025 conference in Las Vegas, Steak ’n Shake’s Chief Operations Officer (COO), Dan Edwards, asserted that bitcoin outpaces credit cards in terms of speed and emphasized that the company is cutting processing costs in half.
Steak ’n Shake COO Says Bitcoin ‘a Win for Everyone’ After Global Rollout
Edwards elaborated that Steak ’n Shake has rolled out bitcoin acceptance internationally, with BTC payments now live in France, Monaco, and Spain. According to him, the “global implementation” has yielded positive results, with bitcoin outperforming conventional financial rails such as credit cards.
“Our experience so far with bitcoin has been that it is faster than credit cards,” Edwards remarked on stage. “When customers choose to pay in bitcoin, instead of credit cards, we are saving about 50% in our processing fees.” The Steak ’n Shake executive added:
Steak ’n Shake officially began accepting bitcoin (BTC) as a form of payment across all its U.S. outlets on May 16, 2025. Alongside this digital shift, the company also embraced a culinary pivot—transitioning every fryer to 100% all-natural beef tallow in lieu of traditional vegetable oils. During the Bitcoin 2025 event, Edwards shared a selection of data points recorded by Steak ’n Shake on the day bitcoin payments were launched.
“The day we launched bitcoin payments at Steak ’n Shake, Steak ’n Shake accounted for two-tenths of 1% of the global bitcoin transactions in the world,” the company’s COO stated. “So while bitcoin may be the future, Steak ’n Shake has brought bitcoin into the present, and there’s no question we’ve seen an upsurge in our business.”
Steak ’n Shake’s adoption of bitcoin reflects a deliberate pivot toward streamlined operations and forward-leaning innovation in commerce. By emphasizing speedier payments and lower transaction costs, the company illustrates how cryptocurrency can offer tangible value to both businesses and their customers.
Their success signals bitcoin’s increasing relevance as a functional payment tool—transforming abstract promise into real-world utility. The move reveals a calculated strategy that may well inspire similar action across the food industry.