Steak N Shake to Accept Bitcoin Payments in the US, Sending New Crypto to Explosive Highs
In what could be a historic move for cryptocurrency in the retail industry, Steak n Shake, the popular American fast food chain, will start accepting Bitcoin payments on May 16.
Experts believe that Bitcoin couldnt work as a day-to-day mode of payment due to the additional stress on its network, which would challenge the blockchains speed, cost, and scalability.
However, this is not the first time, and certainly not the last, that were seeing cryptocurrency integration on the retail channel.
In this article, well briefly explore just how bullish corporations are on digital gold.
Read until the end because well also suggest the best new crypto to buy today to benefit from large institutions vote of confidence in crypto.
Cryptocurrency in Retail
Steak n Shake put out an X post on March 8, asking whether it should accept Bitcoin or not. Interestingly, Twitter CEO Jack Dorsey tweeted Yes in reply to this.
- In 2022, Chipotle started accepting more than 90 cryptocurrencies at 100+ locations in the US.
- Previously, Starbucks also allowed its customers to recharge their digital wallets using $BTC.
- Subway also experimented with Bitcoin payment as early as 2013.
- Finally, El Salvadors Pizza Hut was the first retail outlet to officially accept $BTC as payment.
Although most of these initiatives were short-lived and never scaled, the tide seems to be changing now (for the better, that is).
With $BTC gaining strong ground as a new hedge asset among corporations and governments, many companies are trying to either buy and HODL it or adopt it into their ecosystem.
The bottom line, therefore, is that Steak n Shakes current initiative is just the beginning of the domino effect. More retail businesses are expected to follow suit sooner rather than later (and the reasons for that are pretty clear adoption).
As Bitcoin adoption unblocks new milestones and it becomes a part of our daily lives, there can be hardly any doubt that the asset could be the backbone of modern economies.
If you want to make the most of cryptos increasing popularity, here are the best cryptos you should consider buying right now.
1. Best Wallet Token ($BEST) Best New Crypto to Buy Right Now
A secure and user-friendly crypto wallet is essential as cryptocurrency becomes more mainstream, enabling users to pay for everyday items such as burgers and gas using the top altcoins. Enter Best Wallet.
As outlined in our Best Wallet review, were impressed by the wallets mobile-first design and support for multiple cryptocurrencies.
These are crucial if you want to benefit from the growing support for crypto payments in offline stores.
The app is also laced with class-leading security features. First and foremost, Best Wallet is non-custodial, meaning none other than you will have access to your crypto assets.
Secondly, it employs Fireblocks advanced cryptographic technology and multi-factor authentication (including biometrics) to keep bad actors at bay.
Its worth noting that Best Wallets native cryptocurrency, Best Wallet Token ($BEST), gives you a unique opportunity to invest in the wallets growth.
Best Wallet, after all, is on a mission to capture over 40% of the non-custodial crypto wallet market by 2026.
In addition to potentially offering you a 280% gain on your investment in less than five years (the token is predicted to jump to $0.07 by 2030), owning $BEST also comes with many on-platform benefits.For instance, $BEST token holders will have to pay lower fees when they buy, sell, or swap cryptos on Best Wallet.
Furthermore, theyll also get early-bird access to all the new meme coins on presale listed on Best Wallet.
If you like what you see, buy $BEST today for just $0.024995 each. The project, which has turned out to be one of the best crypto presales, has raised over $12M so far.
2. BTC Bull Token ($BTCBULL) Best Bitcoin-Themed Altcoin Offering Free $BTC via Airdrops
Both $BTCs adoption and price are on a hot streak right now, so we believe it could be the perfect time to invest in a Bitcoin-themed altcoin that could rise alongside the king cryptocurrency.
Were talking about BTC Bull Token ($BTCBULL). Its unique because its the only crypto out there offering Bitcoin airdrops to its token holders.
In other words, if you buy into the BTC Bull Token presale, youll be rewarded with a sizable portion of a $100K crypto asset for absolutely zero costs on your end.
According to BTC Bull Tokens whitepaper, the $BTC airdrops will take place every time the underlying crypto, i.e., Bitcoin, smashes through a new milestone, such as $150K, $200K, or $250K.
Important: You must hold your purchased $BTCBULL tokens in Best Wallet to be eligible for free $BTC.
Apart from its one-of-a-kind Bitcoin giveaway mechanism, BTC Bull Tokens chunky 40% marketing budget is also why weve predicted it to jump over 380% and reach $0.0096 by 2026.Combined with a deflationary model, wherein a portion of the total $BTCBULL token supply will be burnt off every time $BTCs price rises by $25K, the projects focus on PR could be a huge reason why its rally could stretch over multiple months.
Join the group of Bitcoin maximalists and buy $BTCBULL now. The project has raised nearly $5.5M, and you can get one token for just $0.002505 if you act now.
3. Moo Deng ($MOODENG) Viral Meme Coin Trending Right Now
Moo Deng first made the headlines soon after its launch in September 2024. At the time, it took less than two months to skyrocket to its all-time high of $0.62 a gain of over 2,000% from the levels of $0.031.
After a sluggish 3-4 months, the token is back among the top trending cryptos. Its up over 150% in just the last 24 hours, which brings its total monthly gain to over 450%.
Currently trading at $0.1292, this cheap crypto is an out-and-out meme coin, meaning its driven by community engagement and virality. Its based on a baby pygmy hippo, also known as Moo Deng.
As is the case with meme coins, $MOODENG, too, rose to popularity when the baby hippo meme went viral on social media. Investors soon flocked to Solana to shower their love on this cute token.
Beware New Crypto May Result in FOMO
Before you pour a disproportionate amount of money into new cryptos, expecting them to rocket to the moon, kindly remember that the crypto market, especially meme coins, is a high-risk investment.
We suggest only investing an amount youre comfortable losing. Also, this article isnt financial advice of any sort, and you must do your own research and due diligence before investing.
Text source: NewsBTC
