Convert Bitcoin to Cape Verdean Escudo
Please provide values below to convert Bitcoin [BTC] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Bitcoin.
How to Convert Bitcoin to Cape Verdean Escudo
1 BTC = 8.99044135625841e-08 CVE
Example: convert 15 BTC to CVE:
15 BTC = 15 × 8.99044135625841e-08 CVE = 1.34856620343876e-06 CVE
Bitcoin to Cape Verdean Escudo Conversion Table
| Bitcoin | Cape Verdean Escudo |
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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.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.