Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Saturday Nov 15 2025 22:10
2 min
Steak 'n Shake, a popular fast-food restaurant chain in the United States, has announced its expansion into El Salvador, a nation known for its adoption of Bitcoin (BTC) as legal tender. The announcement follows Steak 'n Shake's participation in the country’s Bitcoin Histórico event, with the company stating in an X post, "We were honored to be in Bitcoin Country."
Steak 'n Shake began accepting BTC payments at its locations in May. Chief Operations Officer Dan Edwards told Cointelegraph that the company aims to implement BTC acceptance at all its global locations. The company attributed an almost 11% increase in same-store sales in Q2 to its decision to embrace Bitcoin payments.
The company has become a symbol within the Bitcoin community, highlighting the increasing number of merchants accepting BTC for goods and services. Accepting BTC for smaller, everyday transactions is a precursor for mainstream adoption.
In October, Steak 'n Shake conducted a poll on the social media platform X, asking followers whether they should accept Ether (ETH) payments at their restaurants. 53% of the 48,815 voters favored the proposal, sparking a sharp backlash from the Bitcoin community.
Despite initially promising to "abide by the results" of the poll, Steak 'n Shake reversed its stance on potentially accepting Ether. On October 11, the company stated, "Poll suspended. Our allegiance is with Bitcoiners. You have spoken. Who even allowed this? I'm back at my desk."
In November, the company celebrated robust Q3 sales figures, revealing a 15% quarter-over-quarter increase in same-store sales. Steak 'n Shake outperformed all other fast-food companies in same-store sales growth for Q3, including McDonald's, Burger King, Taco Bell, and Starbucks.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Thursday, 6 August 2026
5 min
Thursday, 6 August 2026
7 min
Thursday, 6 August 2026
5 min
Thursday, 6 August 2026
Indices
Gold Price Today, August 7: XAU/USD Holds Near $4,250 Before US Jobs Report
Thursday, 6 August 2026
Indices
Western Digital Stock Falls 13% and Sandisk Slides 7% as Guidance Disappoints
Thursday, 6 August 2026
Indices
SpaceX Stock Jumps 6% on $100 Billion Unlock Day as Earlier Selloff Absorbs Supply Shock
Thursday, 6 August 2026
Indices
Alphabet Stock Falls as AI Leadership Changes and $25 Billion Bond Sale Raise Spending Questions
Thursday, 6 August 2026
Indices
Tesla Stock Falls as $16.8 Billion Terafab Plan Raises Funding Questions
Thursday, 6 August 2026
Indices
AVGO Stock News Today: Broadcom Gains as AI Chip Momentum and September Earnings Move Into Focus
Thursday, 6 August 2026
Indices
US Nonfarm Payrolls Preview: Hiring Slows While Layoffs Stay Near Historic Lows
EN
