Convert Bitcoin to Tanzanian Shilling
Please provide values below to convert Bitcoin [BTC] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Bitcoin.
How to Convert Bitcoin to Tanzanian Shilling
1 BTC = 3.28774730568974e-09 TZS
Example: convert 15 BTC to TZS:
15 BTC = 15 × 3.28774730568974e-09 TZS = 4.93162095853461e-08 TZS
Bitcoin to Tanzanian Shilling Conversion Table
| Bitcoin | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.