The Salvadoran Foreign Ministry announced that the American company Compass Coffee has purchased a batch of Salvadoran coffee using the first cryptocurrency. Compass Coffee's roasting plant purchased a batch of coffee in El Salvador at a price of $39.59 (0.0006284 BTC) per American double pound. The purchase price corresponds to the average offer on the coffee market. Payments in digital currency allowed Compass Coffee to reduce the cost of supplying raw materials due to the absence of additional bank fees. "We believe in the transformative potential of Bitcoin, designed to revolutionize the coffee industry by allowing companies to directly collaborate with farmers and cut out intermediaries. This will allow for a more equitable distribution of value in the coffee supply chain," Compass Coffee said. The Salvadoran Foreign Ministry added that the country's government and the coffee company's management are united by their views on the prospects for the development of the flagship cryptocurrency, as well as long-standing partnerships. In April, Compass Coffee became an official sponsor of the Bitcoin Policy Summit in Washington, D.C., and was also present at the Bitcoin 2024 Summit in Nashville in late July, where it offered coffee under the Bitcoin Blend brand.In January, the analytical portal BTC Map reported that by the end of 2023, the number of cafes, bars and other retail establishments accepting payments in bitcoins increased by 174% - from 2,288 to 6,590 points,