How Steak ‘n Shake Slashed Costs With Crypto; MEXC Launches a Crypto Credit Card – Digital Transactions
Restaurant chain Steak ’n Shake says it has reduced its transaction fees by nearly 50% compared to credit card acceptance costs, while at the same time increasing sales by 15%, since it began accepting bitcoin last May. Steak ‘n Shake has nearly 400 locations in the United States.
Steak ‘n Shake is accepting bitcoin through the Lightning Network, a secondary system built on top of cryptocurrency blockchains that enables the acceptance of cryptocurrency on networks outside the blockchain. Steak ‘n Shake has also partnered with Fold, a financial-services platform for cryptocurrency, to offer Bitcoin rewards for purchasing special bitcoin-themed meals with the cryptocurrency.
The promotion enables Steak…
