According to the Ministry of Foreign Affairs of El Salvador, Compass Coffee Coffee Company, from the United States, has completed an international transaction for the purchase of Salvador coffee with calculations in Bitcoins. Jorge Cruz, Salvador's businessman who participated in this deal, said that he received a payment in less than 10 minutes, bypassing intermediaries ordinary in such transactions. This indicates progress in the use of cryptocurrency for the calculations for goods. And most importantly, as Salvador's Ambassador to the USA Milena Maulorg emphasized, that manufacturers received competitive prices without the usual 300% margin of third companies. Majorg also noted that all companies in El Salvador can use Bitcoin for this kind of calculations. Jorge Cruz, Salvador Coffee manufacturer, said that the price achieved in this transaction was two to three times higher than the price specified by importing speculators in the US markets. 0 reply
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