Convert Bitcoin to Armenian Dram
Please provide values below to convert Bitcoin [BTC] to Armenian Dram [AMD], or Convert Armenian Dram to Bitcoin.
How to Convert Bitcoin to Armenian Dram
1 BTC = 2.20019347605567e-08 AMD
Example: convert 15 BTC to AMD:
15 BTC = 15 × 2.20019347605567e-08 AMD = 3.30029021408351e-07 AMD
Bitcoin to Armenian Dram Conversion Table
| Bitcoin | Armenian Dram |
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Bitcoin
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority or intermediary.
History/Origin
Bitcoin was created in 2009 by an anonymous person or group known as Satoshi Nakamoto, introducing blockchain technology to ensure secure and transparent transactions. It was the first cryptocurrency and sparked the development of numerous other digital currencies.
Current Use
Bitcoin is widely used for online purchases, investment, remittances, and as a store of value. It is also accepted by some merchants and businesses worldwide and is increasingly integrated into financial markets and services.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.