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Cryptocurrency in Haiti: The answer or a shiny object?


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 —  Proponents of cryptocurrency want to increase crypto’s presence in Haiti with hopes that it will meet the needs of people without financial services, referred to as “the unbanked.” Numerous projects, webinars and summits float ideas of how that can happen, including making cryptocurrency Haiti’s legal tender — its national money.

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