Convert Bitcoin to Georgian Lari
Please provide values below to convert Bitcoin [BTC] to Georgian Lari [GEL], or Convert Georgian Lari to Bitcoin.
How to Convert Bitcoin to Georgian Lari
1 BTC = 3.11873811566992e-06 GEL
Example: convert 15 BTC to GEL:
15 BTC = 15 × 3.11873811566992e-06 GEL = 4.67810717350488e-05 GEL
Bitcoin to Georgian Lari Conversion Table
| Bitcoin | Georgian Lari |
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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.
Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.