Steak ‘n Shake, a fast food company in the United States that accepts Bitcoin (BTC), announced its expansion to El Salvador on Saturday.
“We were honored to be in Bitcoin Country,” the company said in an X post following Steak ‘n Shake’s participation in the country’s Bitcoin Histórico event on Wednesday and Thursday.
Steak and shake started accepting BTC as payment in its stores in May, and the company’s chief operating officer, Dan Edwards, told Cointelegraph that the goal is to have BTC accepted at all of the company’s locations worldwide.
The company has awarded nearly 11% increase in same-store sales in the second quarter to its decision to start accepting BTC in its restaurants.
The company has become iconic in the Bitcoin community and highlights the growing number of merchants accepting BTC for goods and services. Acceptance of BTC as call for tenders for small everyday purchases is also a precursor to mass adoption.
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Steak ‘n Shake returns to accepting Ether as a payment method and celebrates third quarter sales
Steak ‘n Shake polled its followers on social media platform X in October, asking if it should accept Ether (ETH) as payment on its sites.
53% of 48,815 subscribers surveyed vote in favor of the proposal, sparking significant backlash of the Bitcoin community.
“ETH is centralized trash. Bitcoin is freedom. Doing this would cause you to lose all your Bitcoiner activities, including mine,” Bitcoin maximalist Ron Sovereignty Swanson. said in response.
Although he initially promised to “respect the results” of the poll on social media, Steak ‘n Shake backtracks on the proposal to accept ETH.
“Poll suspended. Our allegiance is to the Bitcoiners. You have spoken. Who even allowed this? I’m back at my desk,” the company said. said October 11 – the same day the vote was launched.
In November, the company famous strong third-quarter sales, touting a 15% quarter-over-quarter increase in same-store sales.
Steak ‘n Shake managed to lead all other competitors in the fast food category in terms of same-store sales increases in the third quarter, including McDonald’s, Burger King, Taco Bell and Starbucks coffee shop.
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