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

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.

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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. 

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J.O. Haselhoef is the author of “Give & Take: Doing Our Damnedest NOT to be Another Charity in Haiti.” She co-founded "Yonn Ede Lot" (One Helping Another), a nonprofit that partnered with volunteer groups in La Montagne ("Lamontay"), Haiti from 2007-2013. She writes and lives in Milwaukee, Wisconsin.