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Cryptocurrency in Haiti: The technology behind it

Cryptocurrency mining machines
Cryptocurrency mining machines — the mother of digital assets. Photo by Federico Parra for Getty Images

The Haitian times
www.haitiantimes.com 
By Jo Haselhoef

As cryptocurrency makes the rounds across the globe, its buzz has reached Haiti in the form of donations and nascent projects. In this series, The Haitian Times takes a look at a few players and the pros and cons if digital currencies were to take root in Haiti.  For definitions of certain terms used, view this glossary.

WISCONSIN — “It is worth nothing. It is based on nothing. There is no underlying asset to act as an anchor of safety.” So said European Central Bank President Christine Lagarde about the value of cryptocurrencies, during a May 12 television interview, as the crypto market took a nosedive. 

To view the full story, please subscribe to The Haitian Times. You can choose a $60 Annual Subscription or a $5 Weekly Pass.

When you join The Haitian Times family, you’ll get unlimited digital access to high-quality journalism about Haiti and Haitians you won’t get anywhere else. We’ve been at this for 20 years and pride ourselves on representing you, our diaspora experience and a holistic view of Haiti that larger media doesn’t show you. 

Join now or renew to get:
— Instant access to one-of-kind stories and special reports 
— Local news from our communities (especially New York and Florida)
— Profiles of Haitians at the top of their fields
— Downloadable lists and resources about Haitian culture 
— Membership merch, perks and special invitations 

First-time subscribers also receive a special welcome gift handmade in Haiti by expert artisans! Do it for the culture and support Black-owned businesses.

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