coffee

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US Company Settles Salvadoran Coffee Purchase With Bitcoin

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According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, bypassing the need for intermediaries in these deals. Salvadoran Coffee … Read more

Orange Juice Futures Hit All Time High Numbers Amidst Agricultural Commodity Rally

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The price of frozen concentrate orange juice futures contract has reached all-time high numbers this month, hitting 514.65¢ per lb and setting the stage for retail prices to skyrocket. The commodity, made famous by its part in the “Trading Places” film, is expected to keep rising due to climate factors and Brazil’s worst orange harvest … Read more

The Economics of Coffee Culture

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In the United States 69% of adults drink at least two cups of coffee a day.  Humanity’s experience with coffee doesn’t begin and end with our morning thermos though – where there is culture, coffee culture isn’t far behind. Heavily influencing European cultures, the Dutch Parisians, and Venetians in particular, the first coffeehouses as we … Read more

BTC City – Slovenia’s Largest Shopping Center to Become a ‘Genuine Bitcoin City’

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Slovenia’s largest shopping destination is implementing strategies to become a “genuine Bitcoin City.” Coincidentally named BTC City already, the complex stretches 475,000 square meters and is filled with 500 retail stores. It was recently visited by the country’s prime minister who got acquainted with its bitcoin strategy. During his visit, the state secretary bought him … Read more