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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. 

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