Open Money Initiative

Open Money Initiative

The Open Money Initiative conducted field research on cryptocurrency adoption in economies experiencing hyperinflation and monetary instability. The nonprofit documented real-world usage patterns of Bitcoin and stablecoins in Venezuela, Argentina, and other crisis economies through on-the-ground interviews and data collection.

The Open Money Initiative conducted field research on cryptocurrency adoption in economies experiencing hyperinflation and monetary instability. The nonprofit documented real-world usage patterns of Bitcoin and stablecoins in Venezuela, Argentina, and other crisis economies through on-the-ground interviews and data collection.

Category

May 15, 2024

Emerging Tech Research

Emerging Tech Research

Year

May 15, 2024

2020

2020

The Open Money Initiative was a nonprofit research organization I co-founded and ran with Jill Gunter and Alejandro Machado. The organization conducted field research on how cryptocurrency and digital payment systems functioned in economies experiencing monetary instability, hyperinflation, and currency controls.

OMI's research methodology involved on-the-ground interviews, live experiments and data collection in countries like Venezuela, where traditional financial systems had broken down for large portions of the population. The team documented how people actually used Bitcoin, stablecoins, and other digital assets for everyday transactions, remittances, and wealth preservation—moving beyond theoretical claims about cryptocurrency adoption to document real-world usage patterns and limitations.

The organization published reports and analysis that examined both the practical utility and the significant barriers to cryptocurrency adoption in crisis economies, including infrastructure challenges, technological literacy gaps, and volatility risks. OMI's work provided empirical data on digital currency usage in contexts where it was often discussed anecdotally, contributing primary research to conversations about financial access and monetary alternatives in developing economies.

Our work was widely shared at conferences in Norway, Finland, New York City, Colorado, Latin America and in publications like Bloomberg, FastCo, and numerous podcasts, including the most-listened-to Bitcoin podcast, What Bitcoin Did.