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Bite into Bitcoin: Steak 'n Shake's New Payment Play!
Manage episode 483145572 series 3524376
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Hey SatsMate Stackers,
Today is an enormous day in Bitcoin, as for the first time, the medium of exchange narrative is playing out in front of our very eyes in the U.S! For the longest time, many naysayers would say I can't pay for this or that with Bitcoin, but now you can! In today's podcast, I go over the following topics and why this is such an exciting day in Bitcoin!
- One of the most exciting developments is happening with Bitcoin, and I’m thrilled to see progress on the medium of exchange front.
- Over the past few years, many countries have developed circular economies using Bitcoin.
- Notable examples include Bitcoin Beach in El Salvador (El Zonte).
- Other examples include Lugano, Bitcoin Jungle, and Bitcoin Beach Brazil (see the Federation of Bitcoin Circular Economies: https://fbce.io/btc-circular-economies-1).
- In the U.S., a major issue has been businesses’ reluctance to accept Bitcoin.
- This reluctance stems from a lack of infrastructure, limited knowledge, unclear regulations, and tax implications.
- Many Bitcoin enthusiasts have advocated for its use, but widespread adoption has been slow.
- It’s a classic chicken-and-egg problem, but things are finally changing!
- Steak ‘n Shake announced a few days ago that they will begin accepting Bitcoin starting May 16, 2025.
- With approximately 400 locations, the brand serves over 100 million customers annually.
- This is a significant milestone for the U.S., as many believe Bitcoin’s store-of-value narrative is well-established, and now the medium-of-exchange narrative is gaining traction.
- In two weeks, we plan to visit a Steak ‘n Shake and record our experience for you.
- A key question is whether they will convert the Bitcoin to cash or hold it as Bitcoin.
- We expect more businesses to follow suit in the coming months as America emerges as the Bitcoin capital of the world!
- Spend and replace, everyone—let the sats flow!
If you like this, feel free to share it, leave a like or comment. Also, check out the links in the description that help support my channel and podcast.
Best Regards,
SatsMate Stack
Fold Credit Card: https://foldapp.com/credit-card?r=qMB4P
Referral to Stacker News: Circular economy with bitcoin discussions involved! https://stacker.news/r/SatsMate
Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG
Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L
https://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzj
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. With investing, you risk losing money, always read an invest
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