US Coffee Company Makes First Coffee Purchase Using Bitcoin from El Salvador

IconCryptoNewsTerminal Staff21 Sep, 2024

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US Coffee Company Makes First Coffee Purchase Using Bitcoin from El Salvador

Compass Coffee, a US-based coffee company, has made its first coffee purchase using Bitcoin from El Salvador. The transaction was completed in under 10 minutes without any intermediaries, as stated by Salvadoran officials. The coffee was purchased from a cooperative of small-scale coffee farmers in El Salvador, and the payment was made in Bitcoin using the Lightning Network. This purchase marks a significant milestone in the adoption of Bitcoin as a means of payment for everyday goods and services. It also demonstrates how Bitcoin can be used to support small businesses and farmers in developing countries.

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