CoffeeCoin Releases World’s First Blockchain Wallet For The Specialty Coffee Industry

The CoffeeCoin utility token project has released the first blockchain wallet designed specifically for the specialty coffee industry at coffeecoinwallet.io .

CoffeeCoin utility token (COF on the Waves platform blockchain) has been created to help reduce inefficiencies and increase value across the specialty coffee supply chain. The new CoffeeCoin wallet allows the coffee industry to easily send and receive CoffeeCoin to and from other users anywhere in the world.

As a liquid cryptocurrency, CoffeeCoin is already being used to make near instant payments for specialty coffee — with transaction fees of just 1 COF — currently less than 3 cents USD.

Additionally, COF works as a utility token to transmit and preserve multiple types of coffee trade data on the blockchain including lot descriptions, green bean offers, tracking and more. This allows the coffee industry to improve traceability from origin to cup and increase efficiency in all aspects of the coffee trade. Tracking data from the first CoffeeCoin coffee sales and shipments are already being stored on the blockchain this way.

The combination of these features means the specialty coffee industry can now use a single industry-specific cryptocurrency — CoffeeCoin — to buy and sell green coffee from source, roasted coffee from roasters and even brewed coffee at Cafes — plus preserve related data on the blockchain.

CoffeeCoin also allows end consumers — coffee drinkers — to instantly send payments to the producers of the coffee they are drinking, completing the circle of consumption and allowing the return of additional value to source.

For those interest in adding blockchain efficiency to their coffee business, full details on the CoffeeCoin project, along with a coffee industry user guide for the new CoffeeCoin wallet are available at https://CoffeeCoin.io .