Earlier this year Steak ‘n Shake made headlines when they announced they would accept Bitcoin as a payment method at their network of 400 restaurants.
They also announced that the Bitcoin they received as payment would be put directly into their own Bitcoin treasury, and for every Bitcoin Meal sold the company would donate 210 satoshis to OpenSats, supporting Bitcoin Core and open-source development.
These moves appear to have paid off as the company posted 15% same-store sales growth over the past quarter. They attributed this growth in part to support from Bitcoiners.
Furthermore, Steak ‘n Shake announced that they would be expanding into El Salvador, the country famous for adopting Bitcoin as legal tender.
To mark 5 months of accepting Bitcoin, Steak ‘n Shake also partnered with Fold, a Bitcoin gift card rewards app, and is currently offering $5 in Bitcoin for customers who buy a “Bitcoin Meal” or “Bitcoin Steakburger” while supplies last.
What Is Fold?
Fold is essentially a Bitcoin cashback app, they have a variety of services such as when you buy a gift card for local stores you receive Bitcoin as cashback. You can also buy Bitcoin gift cards. Fold also has a prepaid debit card which offers Bitcoin cashback on spending.
There’s also a reward spin-wheel game that you can play once a day to earn a small amount of satoshis. These tiny amounts build up over time and can help beginners understand how Bitcoin works on a small scale.
Fold is not a self custody wallet, they do encourage that you take custody of your Bitcoin by withdrawing to your own wallet.
How To Earn $5 In Bitcoin Rewards Via Fold
Customers who purchase either the Bitcoin Steakburger or Bitcoin meal can visit www.bitcoinmealdeal.com, enter their email, upload their receipt and they will receive a digital card number and PIN code via email redeemable for $5 in Bitcoin on the Fold app. Depending on the Bitcoin price, this would be around 4,000 satoshis.
To redeem the $5 of Bitcoin tap on the gift card section and input the card number and PIN code. Some users have mentioned seeing a small processing fee, which means the final credited amount may be slightly below five dollars. Even so, the net value received for simply buying a burger is still very strong.
The promotion is limited to one redemption for each Fold account, and will run for as long as supplies last. States where the offer cannot be redeemed: New York, Vermont, Louisiana, and Washington.
The Bitcoin meal is priced at around $11 whereas the Bitcoin steakburger is priced at $6.49, effectively making it $1.49 after the reward for a Steak ‘n Shake burger, a pretty good deal.
Send To Your Crypto Wallet
Fold are advocates of self-custody, on their website they state “This is your bitcoin; take custody of it”.
Users will need an easy-to-use and secure crypto wallet to store their Bitcoin. Among the most sought-after options available today is Best Wallet, a top-tier Bitcoin wallet known for its non-custodial architecture, easy-to-navigate interface, and variety of modern features.
It’s already endorsed by reputable publications, including the New York Post and Money.com, despite launching barely a year ago. Being a self-custodial wallet, users retain full control of their private keys, reducing the risk of theft and unauthorized access.
Another reason the wallet is recommended for those looking to safeguard their wealth is its support for user privacy. There’s no need to fill out lengthy forms or undergo identity checks to start navigating its features. All it takes is just a quick download and setup, and you are in control of your assets.
Security is further strengthened through the integration of Fireblocks, a respected name in cryptocurrency protection, providing insurance coverage for funds stored inside the wallet.
The next key selling point lies in how it brings together a wide range of trading features without compromising simplicity and accessibility. It features a sleek, easy-to-use facility that offers beyond merely swapping and storing crypto. It is possible to buy crypto using fiat, appealing to those just entering into the space.
The wallet also offers broad multichain support, with compatibility for major networks like Bitcoin, Solana, Base, Binance Smart Chain, Polygon, and Ethereum, giving users the flexibility to manage different assets within one unified platform.
Other impressive attributes associated with Best Wallet include staking perks, portfolio management, low fees, and most notably, its token launchpad.
Several crypto You Tubers, including ClayBro continue to praise the wallet’s versatility, describing it as one of the most reliable options on the market.
Download Best Wallet
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.