Convert Bitcoin to Gibraltar Pound
Please provide values below to convert Bitcoin [BTC] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Bitcoin.
How to Convert Bitcoin to Gibraltar Pound
1 BTC = 1.14141686486507e-05 GIP
Example: convert 15 BTC to GIP:
15 BTC = 15 × 1.14141686486507e-05 GIP = 0.00017121252972976 GIP
Bitcoin to Gibraltar Pound Conversion Table
| Bitcoin | Gibraltar Pound |
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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.
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.