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Steak ‘n Shake Embraces Bitcoin Payments, Slashes Fees by 50% with Lightning Network

Steak ‘n Shake Embraces Bitcoin Payments, Slashes Fees by 50% with Lightning Network

Published:
2025-05-28 13:47:16
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In a bold move that signals growing mainstream adoption of cryptocurrencies, Steak ‘n Shake has announced it will accept Bitcoin payments at all its U.S. locations. The burger chain is leveraging Bitcoin’s Lightning Network to cut payment processing fees by nearly 50% compared to traditional credit card systems—a significant advantage for an industry known for its razor-thin margins. This development not only highlights the practical utility of Bitcoin in everyday transactions but also underscores its potential to revolutionize payment systems in the retail and food service sectors. As of the launch day, Bitcoin’s price stood at 108,489.74 USDT, reflecting the ongoing interest and investment in the cryptocurrency. This strategic adoption by Steak ‘n Shake could pave the way for other businesses to follow suit, further solidifying Bitcoin’s role in the future of finance.

Steak ‘n Shake Adopts Bitcoin Payments, Cuts Fees by 50% via Lightning Network

Steak ‘n Shake has emerged as an unlikely pioneer in cryptocurrency adoption, now accepting Bitcoin payments across all U.S. locations. The burger chain leverages Bitcoin’s Lightning Network to reduce payment processing fees by nearly half compared to traditional credit card systems—a strategic move for an industry operating on razor-thin margins.

On the launch day, the restaurant chain accounted for 1 in every 500 bitcoin transactions globally, signaling robust early adoption. COO Dan Edwards revealed the cost-saving benefits at the BTC 2025 Conference, highlighting how layer-2 solutions transform Bitcoin from speculative asset to practical payment tool.

The Lightning Network’s faster settlement times and lower fees address critical pain points for quick-service restaurants. This development marks a significant step in Bitcoin’s evolution from investment vehicle to transactional currency, with potential to reshape merchant acceptance across retail sectors.

Trump Endorses BITCOIN Act, Proposes 1 Million BTC Reserve for U.S. Treasury

Donald TRUMP has thrown his weight behind the Bitcoin Act, a legislative proposal spearheaded by Senator Cynthia Lummis that mandates the U.S. government to acquire one million bitcoins. The move signals a strategic pivot toward cryptocurrency as a cornerstone of economic policy, with implications for both domestic financial infrastructure and global geopolitics.

The proposed reserve WOULD be funded through existing Federal Reserve and Treasury resources, avoiding additional taxpayer burden. This initiative positions bitcoin as a potential hedge and strategic asset in an evolving monetary landscape, echoing the narrative of ’digital gold.’

Concurrently, the administration is prioritizing stablecoin regulation and crypto market oversight, underscoring a broader embrace of blockchain-based financial systems. The announcement has already reverberated through crypto markets, with BTC prices reacting to the prospect of institutional demand at scale.

The 3-Year Plan: Why BTC News Analysts Invest in Bitcoin Solaris

Behind the frenzy of price predictions and trading videos, a quieter movement is taking shape. crypto analysts and early adopters are building long-term strategies around Bitcoin Solaris—a project they see as more than just another coin. It represents a system for financial liberation, combining mobile-first mining with scalable rewards.

Bitcoin’s legacy as a wealth-building tool is undisputed, but its soaring price has made it less accessible. Bitcoin Solaris emerges as a modern alternative, offering inclusivity and consistent earnings without the need for expensive hardware. The focus isn’t HYPE but sustainable participation—a calculated shift from speculative trading to structured accumulation.

Bitcoin Price Consolidates Near Critical Support, Bulls Target $114k

Bitcoin’s price action has entered a phase of tight consolidation, hovering NEAR a crucial support level at $106,420. The market structure remains bullish, with higher highs and higher lows suggesting sustained upward momentum. A breakout toward $114,000 appears plausible if volume expansion confirms the direction.

Technical indicators reveal a bullish trading channel, with Bitcoin currently testing the lower boundary. The $114,000 target derives from Fibonacci projections, aligning with recent swing structures. Volatility and volume have contracted significantly, a typical precursor to decisive price movements.

Market participants await confirmation through volume expansion, which would validate the continuation of the current trend. The prevailing sentiment favors bulls, provided the $106,420 support level holds firm.

Jetking Expands Bitcoin Holdings to 21 BTC with Strategic Purchase

Jetking has bolstered its cryptocurrency portfolio with an additional 5.98 Bitcoin, acquired for $617,143 at an average price of $110,975 per coin. This latest purchase elevates its total Bitcoin holdings to 21 BTC, accumulated at an average cost of $75,081 per unit for a total investment of $1.59 million.

The firm’s year-to-date Bitcoin yield stands at 31.05% as of May 28, 2025, underscoring both precise market timing and deepening institutional conviction in digital assets. This MOVE reflects the growing trend of corporate treasuries diversifying into cryptocurrencies as a hedge against traditional market volatility.

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