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Square & Steak 'n Shake Push Bitcoin Payments to the Future – Best Wallet to Add Crypto Debit Card

Square & Steak ‘n Shake Lead with Bitcoin Payments – Best Wallet to Add Crypto Debit Card

Leah Waters
by Leah Waters
4 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

It turns out that Bitcoin ($BTC) isn’t just for the tech bros anymore but also for businesses, hamburger lovers, and everyday spenders — aka, everyone.

Yesterday, Square, a payment platform by Block Inc., announced that it’ll soon enable businesses to accept $BTC and other crypto.

In other news, the popular American fast-food chain Steak ‘n’ Shake started accepting $BTC for payments two weeks ago.

And let’s not forget Best Wallet, a highly ranked secure crypto wallet that’ll soon launch its own crypto debit card.

Each of these developments highlights how $BTC is rapidly evolving from a speculative investment instrument to a practical currency built for real-world commerce.

Square Integrates Lightning for Low-Fee $BTC Payments

Square’s new hardware feature will enable merchants to accept cost-friendly and near-instant $BTC payments using the Lightning Network.

It began accepting $BTC payments at the Bitcoin Conference in Las Vegas (May 27 – 29). However, a full rollout is expected by the end of the year as part of its plan to reach all eligible sellers by 2026.

Square Bitcoin payments
Source: X (Square)

This isn’t Square’s first $BTC rodeo. It launched a Bitcoin Conversions feature last year, allowing merchants to automatically convert a portion of their daily sales into $BTC.

Additionally, its Cash App already lets you buy, sell, and send $BTC easily, and its self-custody crypto wallet, Bitkey Wallet, also supports the OG coin.

It has also launched Proto, which consists of Bitcoin mining tools and services, and Spiral, which supports open-source projects that promote $BTC as a tool for economic empowerment.

Steak ‘n’ Shake’s $BTC Payments Half Processing Fees

Square isn’t the only one on a mission to put $BTC to work in the real world. Steak ‘n’ Shake now accepts $BTC payments, claiming they’re faster and cheaper than traditional credit card payments.

Dan Edwards, the fast food chain’s COO, says the company saves approximately 50% in processing fees when customers pay with $BTC as opposed to credit cards.

Following the new payment method’s early success, Steak ‘n’ Shake is now pondering other ways to embrace cutting-edge technology to modernize its food service. Ideas include cyber-chefs, robotaxis, and drones.

Best Wallet to Add a Crypto Debit Card

Best Wallet is also pushing to make crypto available for use in daily life, and will soon launch Best Card, its own crypto debit card.

It’ll let anyone spend their crypto holdings in Best Wallet seamlessly at brick-and-mortar retailers.

This multi-chain wallet supports the best crypto presales and is getting set to accommodate over 60 blockchains – you’ll find everything you need to know in our full Best Wallet review.

Once launched, you can use your Best Card to spend $BTC and other digital assets for everyday purchases – from coffee to cab rides – without the friction of exchanges or conversions.

What’s more, you can earn cashback on every purchase, plus enjoy lower transaction fees when holding $BEST, the ecosystem’s native token, making this one of the best bitcoin wallets right now.

Best Wallet to launch Best Card
Source: Best Wallet

You can buy #BEST on presale for just $0.025095. Our $BEST price prediction foresees the coin reaching $0.072 after being listed on crypto exchanges, an increase of some 186% from today’s price, so it’s best to get in now.

$BTC Is No Longer a Store of Value But Everyday Cash

$BTC is no longer just a store of value, but increasingly a payment method for everyday life.

With Square enabling low-cost $BTC payments, Steak ‘n’ Shake slashing fees by accepting crypto at the counter, and Best Wallet preparing to launch a fully-fledged crypto card, the future is here.

These developments highlight how $BTC is being integrated into real-world commerce to cut costs and give you more financial freedom. Whether for buying a burger or growing an investment portfolio, $BTC is going mainstream.

But as always, do your research before making any crypto investments; this article is not financial advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Leah Waters

Leah Waters

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Leah is a British journalist with a BA in Journalism, Media, and Communications and nearly a decade of content writing experience. Over the last four years, her focus has primarily been on Web3 technologies, driven by her genuine enthusiasm for decentralization and the latest technological advancements. She has contributed to leading crypto and NFT publications – Cointelegraph, Coinbound, Crypto News, NFT Plazas, Bitcolumnist, Techreport, and NFT Lately – which has elevated her to a senior role in crypto journalism. Whether crafting breaking news or in-depth reviews, she strives to engage her readers with the latest insights and information. Her articles often span the hottest cryptos, exchanges, and evolving regulations. As part of her ploy to attract crypto newbies into Web3, she explains even the most complex topics in an easily understandable and engaging way. Further underscoring her dynamic journalism background, she has written for various sectors, including software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag). When she's not deep into a crypto rabbit hole, she's probably island-hopping (with the Galapagos and Hainan being her go-to's). Or perhaps sketching chalk pencil drawings while listening to the Pixies, her all-time favorite band.

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