El Salvador president Nayib Bukele is done with the IMF and now he's taсkling brokers

The deal between the American coffee company Compass Coffee and Salvadoran coffee suppliers was completed with payment in bitcoins in just 10 minutes, without intermediaries, with minimal commission.

Finally, producers received a fair price for their products, without the traditional broker markup of hundreds of percent.

It all started with an initiative by the Salvadoran Ministry of Foreign Affairs and Compass Coffee, which agreed to cooperate three years ago. The embassy then played a key role, helping to establish connections between buyers and producers, creating opportunities for Salvadoran coffee to enter the US market.

But Compass Coffee is not stopping there: they want to give buyers the opportunity to send tips directly to the producers' bitcoin wallets - directly. And there will be no need for intermediaries for this.

This is especially relevant against the backdrop of the centuries-old practice of Western countries, which bought coffee from exporting countries for pennies and resold it with a huge markup. Even today, for example, in Ethiopia, farmers receive some miserable cents per kilogram of coffee, while it is sold on the world market at tens of times more expensive.

Incidentally, perhaps against the backdrop of this news, coffee futures on the world market are rushing to the all-time high, set 15 years ago at a level of almost $300.

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