ChainCatcher reported that according to the Salvadoran Ministry of Foreign Affairs, the US coffee company Compass Coffee has completed international purchases of Salvadoran coffee using Bitcoin. Jorge Cruz, the Salvadoran counterparty in the transaction, explained that he received the payment in less than 10 minutes, thus avoiding the need for intermediaries in such transactions.

The transaction stems from a series of talks between the US Ministry of Foreign Affairs and Compass Coffee in 2022, aimed at seeking to introduce domestic coffee to the United States and match producers and buyers in these countries.