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Steak ‘n Shake, a fast food company in the United States that accepts Bitcoin (BTC), announced on Saturday that it will expand to El Salvador.
“We were honored to be in Bitcoin Country,” the company he said in a place X after the participation of Steak ‘n Shake in the country event Bitcoin Histórico on Wednesday and Thursday.
Steak ‘n Shake started accepting BTC for 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 in all the company’s locations worldwide.
The company allocated approx 11% increase in same store sales in Q2 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 tender for small daily purchases it is also a precursor to mass adoption.
Related: Steak ‘n Shake Bitcoin reserve: Happy meal for hodlers or nothingburger?
Steak ‘n Shake goes back to accepting Ether as a payment method and celebrates Q3 sales
Steak ‘n Shake polled its followers on social networking platform X in October, asking whether it should accept Ether (ETH) as payment in their places.
53% of the 48,815 followers surveyed voted in favor of the proposal, significant spread revolution from the Bitcoin community.
“ETH is centralized garbage. Bitcoin is freedom. By doing this you will lose all your Bitcoiner business, including mine,” Bitcoin maximalist Ron Sovereignty Swanson he said in response.
Although it initially promised to “respect the results” of the social media poll, Steak ‘n Shake returned on the proposal to accept ETH.
“Poll suspended. Our loyalty is with Bitcoiners. You have spoken. Who also allowed this? I returned to my desk,” the company. he said on October 11 – the same day the poll was launched.
In November, the company celebrated strong Q3 sales, boasting a 15% quarter-over-quarter increase in same-store sales.
Steak ‘n Shake was able to lead all other competitors in the fast food category for same-store sales growth in Q3, including McDonald’s, Burger King, Taco Bell, and Starbucks coffee.
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