VioletHengehog
@happyddog
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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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Self-Storage of Bitcoin Goes to the Masses with New โCrypto Ringโ
Self-storage of cryptocurrency, where the owner has exclusive control over their crypto assets, is gaining new popularity thanks to the introduction of a new wearable cold wallet. Hardware wallet company Tangem officially announced the Tangem Ring, a new self-storage crypto wallet designed in the form of a ring, on July 17. By combining self-storage and wearables, the Tangem crypto ring aims to advance the concept of self-storage while enabling everyday transactions, said Tangem CTO Andrey Lazutkin. โWe believe that cryptocurrency should bring daily benefit to humanity, not just sit in a bank vault. In other words, cryptocurrency should be used daily. And at Tangem, we want to create a device for daily use,โ he said. 0 reply
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