Bitcoin payment dem halve di fees, make Steak ’n Shake sales small 10.7%
Steak ’n Shake start dey accept Bitcoin payments on May 16 for im outlets for US, France, Monaco and Spain. Within two weeks, the chain reduce transaction fees by half and report 10.7% quarter-on-quarter sales rise for Q2 2025 – e do pass competitors like McDonald’s and Taco Bell. For launch day, their locations carry 0.2% of global Bitcoin transactions, get over 100 million customers. The trial show say Bitcoin payment dey increase for retail, e follow tins like Overstock’s 2014 pilot and luxury brands’ crypto use. Even though only about 2,300 US merchants accept Bitcoin now, surveys show say consumer interest dey rise. Reduction for processing cost, new customer groups, plus high average crypto order values mean say retailers fit get long-term gains and trading sentiment for Bitcoin dey positive.
Bullish
Steak ’n Shake wey don start to accept Bitcoin payment fit make Bitcoin price climb. For short time, the big reduction for transaction fees plus how merchants dey find am useful fit push more transactions and make traders happy. The 0.2% share of world Bitcoin transactions on launch day plus the big same-store sales increase show say demand dey grow. For long time, as more retailers and new customers dey adopt am, e show say on-chain activity go steady and more people go accept am, and this one usually make price go up. This combination of saving cost plus market growth for Bitcoin payment dey give better hope for Bitcoin trading.