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Steak ‘n Shake Embraces Bitcoin Lightning Network Payments, Marking a Milestone in Crypto Adoption

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Steak ‘n Shake Embraces Bitcoin Lightning Network Payments, Marking a Milestone in Crypto Adoption

As of May 16, 2025, American fast-food chain Steak ‘n Shake has officially rolled out Bitcoin Lightning Network payments across all 393 of its U.S. locations, a move that positions the company as a trailblazer in the mainstream adoption of cryptocurrency. This bold initiative, which allows over 100 million customers to pay for their signature steakburgers and milkshakes using Bitcoin’s Lightning Network, underscores the growing integration of digital currencies into everyday transactions and aligns with the chain’s innovative brand identity.

A Historic Leap for Fast Food and Crypto

Steak ‘n Shake’s adoption of the Bitcoin Lightning Network marks one of the largest full-scale cryptocurrency integrations in the fast-food industry. Unlike previous crypto payment experiments by chains like Subway, Chipotle, and Starbucks, which often relied on fiat conversions or were limited to select locations, Steak ‘n Shake’s nationwide rollout leverages the Lightning Network’s speed and low-cost transactions to enable seamless, real-time Bitcoin payments. The company announced the launch with enthusiasm, posting on X: “Bitcoin has been launched at Steak n Shake The revolution is underway… -Steaktoshi.”

The Lightning Network, a second-layer scaling solution for Bitcoin, allows for near-instant transactions with minimal fees, addressing long-standing concerns about Bitcoin’s scalability for high-volume, low-cost purchases like fast food. Industry observers see this as a critical stress test for Bitcoin’s usability, particularly in a sector known for thin margins and rapid transaction demands. “A $5 burger could cost over $8 with network fees and take over 20 minutes to confirm without an off-chain solution,” noted John Lin, a software engineer at Salesforce. By utilizing the Lightning Network, Steak ‘n Shake aims to mitigate these issues, ensuring a smooth customer experience.

Building Momentum Toward Adoption

The announcement follows months of anticipation, sparked by a March 2025 X post asking, “Should Steak ‘n Shake accept Bitcoin?” The query drew significant attention, including a resounding “yes” from former Twitter CEO Jack Dorsey, a prominent Bitcoin advocate. Since then, Steak ‘n Shake has leaned heavily into crypto culture, sharing Bitcoin-themed marketing content, including a viral image of a Bitcoin-branded spaceship delivering beef tallow to Mars—a nod to both Elon Musk’s interplanetary ambitions and Robert F. Kennedy Jr.’s endorsement of beef tallow, which the chain recently adopted as its primary cooking oil.

This strategic marketing campaign, coupled with Tesla promotions and cryptic social media posts, fueled speculation and excitement within the crypto community. The timing is also notable, as the rollout coincides with the approach of Bitcoin Pizza Day on May 22, which commemorates the 2010 transaction when Laszlo Hanyecz paid 10,000 BTC for two pizzas—the first documented use of Bitcoin for a real-world purchase.

Why the Lightning Network Matters

Steak ‘n Shake’s decision to implement the Lightning Network addresses key challenges associated with on-chain Bitcoin transactions, such as high fees and slow confirmation times. The Lightning Network enables off-chain transactions that are settled instantly, with fees often less than a cent, making it ideal for microtransactions like fast-food purchases. While the company has not disclosed its specific payment provider, a representative stated that the system is integrated with leading crypto payment solutions to ensure stability and security.

This move also aligns with Steak ‘n Shake’s goal of reducing transaction costs, speeding up payments, and appealing to a younger, tech-savvy demographic. However, some customers have expressed concerns about the practicalities of crypto payments, including potential volatility and refund processes. Despite these challenges, the chain remains confident, with leadership emphasizing that Bitcoin integration is “a step into the future” and a demonstration of their readiness for digital transformation.

Joining a Growing Trend

Steak ‘n Shake joins a handful of fast-food chains experimenting with crypto payments, though its full-scale adoption sets it apart. Since 2022, Chipotle has accepted nearly 100 cryptocurrencies via Flexa, converting payments to fiat at the point of sale. Subway piloted Bitcoin payments as early as 2013, while Pizza Hut embraced BTC in El Salvador following its recognition as legal tender in 2021. Internationally, Burger King and McDonald’s have tested crypto payments in select markets, but few have committed to a nationwide rollout like Steak ‘n Shake.

The broader context of Bitcoin’s recent surge past $100,000, coupled with growing institutional interest—evidenced by $319.56 million in Bitcoin ETF inflows on May 14—has further amplified the significance of this move. Posts on X reflect strong community excitement, with users like

@BTC_Archive and

@CryptosR_Us heralding the launch as a “milestone in mass adoption.”

Implications for Bitcoin and Beyond

Steak ‘n Shake’s adoption of the Bitcoin Lightning Network is more than a marketing stunt; it represents a real-world use case for cryptocurrency in a high-frequency, low-margin industry. A successful implementation could pave the way for broader adoption across the hospitality sector, encouraging other retailers to explore crypto payments. As payment platforms like Mesh and Stripe continue to integrate digital assets—Mesh with Apple Pay and Stripe with a U.S. dollar-backed stablecoin—the infrastructure for crypto transactions is becoming increasingly robust.

However, challenges remain, including regulatory uncertainty and Bitcoin’s price volatility, which could impact customer adoption. Analysts suggest that Steak ‘n Shake’s decision to “HODL” earned BTC or convert it to fiat will be a key factor in determining the initiative’s long-term viability. For now, the chain’s commitment to Bitcoin signals a bullish outlook on its role in the future of finance.

Conclusion

Steak ‘n Shake’s launch of Bitcoin Lightning Network payments on May 16, 2025, is a landmark moment for both the fast-food industry and the cryptocurrency ecosystem. By embracing a scalable, low-cost solution like the Lightning Network, the chain is not only catering to its crypto-curious customer base but also setting a precedent for how digital currencies can function in everyday commerce. As the “Steaktoshi” revolution gains momentum, all eyes will be on Steak ‘n Shake to see if this bold experiment reshapes the future of fast food and finance.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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BTC Prague 2025: Europe’s Premier Bitcoin-Only Conference Returns to Shape the Future of Finance

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From June 19–21, 2025, Prague, Czech Republic, will once again become the epicenter of the Bitcoin revolution as BTC Prague, Europe’s largest and most influential Bitcoin-only conference, returns for its third year. Hosted at the expansive PVA Expo Praha, this three-day event is set to bring together over 10,000 attendees, 220+ speakers, and 90+ companies, all united by a shared passion for Bitcoin’s transformative potential. With a focus on financial sovereignty, technological innovation, and community building, BTC Prague 2025 promises to be a landmark event for Bitcoin enthusiasts, developers, investors, and newcomers alike.

A Bitcoin-Only Beacon in Europe

BTC Prague stands out for its unwavering commitment to a “Bitcoin-only” ethos, ensuring a high signal-to-noise ratio that prioritizes meaningful discussions over hype. As the organizers emphasize, this is not just a conference but a movement to “build bridges and strengthen connections within the European Bitcoin space and beyond.” Held in a city with a rich history of fighting for freedom, Prague is a fitting backdrop for an event that champions Bitcoin’s apolitical, incorruptible, and open nature. The conference aims to deepen understanding, expand networks, and empower attendees to shape the future of Bitcoin.

Star-Studded Lineup of Speakers

BTC Prague 2025 boasts an impressive roster of over 220 speakers, including some of the most prominent voices in the Bitcoin ecosystem. Notable names include:

  • Michael Saylor, a leading Bitcoin advocate and the largest corporate hodler through MicroStrategy, who will share insights on Bitcoin as a corporate treasury asset. Saylor’s first-ever European Bitcoin conference appearance in 2023 was a highlight, and his return is highly anticipated.
  • Adam Back, CEO of Blockstream, a key figure in Bitcoin’s technical development, who will dive into the protocol’s resilience and innovation.
  • Saifedean Ammous, author of The Bitcoin Standard, offering economic perspectives on Bitcoin’s role in a world of inflation and institutional decay.
  • Eric Semler, founder of Semler Scientific, who transformed his company’s balance sheet with a Bitcoin-forward strategy, sharing actionable insights for corporate adoption.
  • Paolo Ardoino, a cryptography expert and leader in Bitcoin-related tech innovation, discussing advancements in financial freedom.

These speakers, alongside developers, miners, educators, and entrepreneurs, will cover topics ranging from Bitcoin’s open-source foundation to its integration into traditional finance, geopolitical game theory, and corporate strategies. Panels like “Financial Engineering with Bitcoin Standard” and “Bitcoin for Organizations” will provide practical blueprints for individuals and institutions looking to leverage Bitcoin’s potential.

A Comprehensive Program for All

BTC Prague 2025 offers a dynamic program designed to cater to everyone, from curious newcomers to seasoned Bitcoiners. The event features:

  • Main Stage and Expo Stage: Hosting keynotes, fireside chats, and panels in English, with top-tier speakers addressing Bitcoin’s technological, economic, and societal impact.
  • Czech Stage: An outdoor stage for local audiences, delivering content in Czech to engage the regional Bitcoin community.
  • Workshops and Panels: Deep dives into topics like self-custody, mining, and financial sovereignty, with hands-on sessions for practical learning.
  • Expo Area: Over 90 Bitcoin-focused companies, including partners like Trezor, Fedi, and ElenPAY, will showcase cutting-edge products and services, from hardware wallets to lightning payment solutions. Attendees can interact directly with innovators and test new technologies.
  • Side Events: From Bitcoin & Brews with Rootstock to the Satlantis Sunday Social, side events offer networking opportunities, discussions on privacy and freedom tech, and even a Bitcoin treasure hunt with real BTC prizes.
  • VIP and Business Day: On June 19, the exclusive Business Day caters to entrepreneurs and executives, offering high-quality content and quieter expo access. VIP pass holders enjoy front-row sofa seating, a private lounge, premium food and drinks, and exclusive Q&A sessions with speakers. Every VIP attendee will also receive a free Bitkey hardware wallet.

The event’s “Summer Orange Vibe” includes food and chill zones, great Czech beer, two afterparties, and a kids’ corner, ensuring a welcoming and inclusive atmosphere. Kids up to 8 years old get free Expo tickets, making it family-friendly.

Why Prague? A Hub of Bitcoin Innovation

Prague’s selection as the host city is no coincidence. The Czech Republic has a storied history of fostering Bitcoin innovation, giving rise to projects like Trezor and Slush Pool. The conference’s venue, PVA Expo Praha, spans 19,000 m² and includes a conference area, expo hall, VIP lounge, art gallery, gaming zone, and party stage. Located just a 5-minute walk from the Letňany metro station (Line C), the venue is easily accessible, with accommodations near the metro offering convenient access.

The city’s legacy of fighting for freedom, from the Defenestrations of Prague to its modern Bitcoin movement, aligns with BTC Prague’s mission to promote financial sovereignty and individual empowerment. As one attendee noted, “I used to think I was the only Bitcoiner in my town. Thanks to BTC Prague, I gained the biggest value out there—friendships.”

Ticketing and Accessibility

BTC Prague offers a range of ticket options to suit different needs:

  • Expo Pass: Ideal for beginners, granting access to the expo area and basic sessions.
  • Conference Pass: Suitable for all Bitcoiners, providing access to main stages and workshops.
  • Industry Pass: Geared toward professionals seeking to engage with the Bitcoin space.
  • VIP Pass: The top-tier option, offering full access, premium hospitality, and exclusive perks like the Business Day and Bitkey wallet.

Tickets start at €15, with a 5% discount for Bitcoin payments via the Lightning Network. The event prioritizes anonymity, requiring no personal data—just a QR code for entry. Tickets can be upgraded, gifted, or sold, with clear instructions provided via email. Early bird tickets are available, but prices increase monthly, so securing a spot early is recommended.

A Community-Driven Experience

What sets BTC Prague apart is its emphasis on community. Organizers Matyas and Martin, backed by their company Twenty One Million s.r.o., curate a welcoming environment that fosters connections and ideas. Attendees have praised the event’s professional execution and its ability to create lasting relationships. One participant shared, “For such a brilliant event like BTC Prague, you just make sacrifices. Deepest thanks to Matyas and his fabulous team for this unforgettable experience.”

The conference also supports side events organized by the community, such as the Dev/Hack/Day for developers and the Hispanic Meetup for Spanish-speaking Bitcoiners, ensuring inclusivity across cultures and expertise levels.

Shaping the Future of Bitcoin

BTC Prague 2025 arrives at a pivotal moment. With Bitcoin’s price climbing and global adoption accelerating, the conference will explore how Bitcoin is reshaping finance, from institutional custody solutions to nation-state strategies. Sessions will address why Bitcoin is moving from a “risk to own” to a “risk not to own” asset and how it empowers individuals in a world of inflation and overreach.

As the organizers state, “We don’t witness the future of Bitcoin here—we are shaping it.” Whether you’re looking to enhance your knowledge, find your next big opportunity, or connect with like-minded enthusiasts, BTC Prague offers the ideal setting to accelerate your Bitcoin journey.

How to Join

Ready to be part of Europe’s biggest Bitcoin event? Visit www.btcprague.com to secure your tickets, explore the full program, and plan your trip. For updates, follow BTC Prague on X (

@BTCPrague), LinkedIn, Telegram, YouTube, Nostr, Instagram, or Facebook. Have questions? Contact the team at [email protected] (mailto:[email protected]).

Don’t miss your chance to join the movement shaping the new global economic order. BTC Prague 2025 is where ideas meet, relationships form, and real Bitcoin stories are made. See you in Prague!


Disclaimer: Information is sourced from the official BTC Prague website and related posts on X. For the latest details, verify with www.btcprague.com.

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