Convert Bitcoin to Papua New Guinean Kina
Please provide values below to convert Bitcoin [BTC] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Bitcoin.
How to Convert Bitcoin to Papua New Guinean Kina
1 BTC = 2.01217056022196e-06 PGK
Example: convert 15 BTC to PGK:
15 BTC = 15 × 2.01217056022196e-06 PGK = 3.01825584033294e-05 PGK
Bitcoin to Papua New Guinean Kina Conversion Table
| Bitcoin | Papua New Guinean Kina |
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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.
Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.