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Compass Coffee Completes Salvadoran Coffee Purchase with Bitcoin

Sep 21, 2024, 08:11 AM

Compass Coffee, a U.S.-based coffee company, has successfully completed an international purchase of Salvadoran coffee using Bitcoin. The transaction, facilitated by the Salvadoran Ministry of Foreign Affairs, marks a significant step in the adoption of cryptocurrency for international trade. Jorge Cruz, the Salvadoran party involved in the transaction, reported that he received the payment in under 10 minutes. This development highlights the growing acceptance and utility of Bitcoin in global commerce.