Convert Bitcoin to Laotian Kip
Please provide values below to convert Bitcoin [BTC] to Laotian Kip [LAK], or Convert Laotian Kip to Bitcoin.
How to Convert Bitcoin to Laotian Kip
1 BTC = 3.90666656319487e-10 LAK
Example: convert 15 BTC to LAK:
15 BTC = 15 × 3.90666656319487e-10 LAK = 5.85999984479231e-09 LAK
Bitcoin to Laotian Kip Conversion Table
| Bitcoin | Laotian Kip |
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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.
Laotian Kip
The Laotian Kip (LAK) is the official currency of Laos, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Laotian Kip was introduced in 1952, replacing the French Indochinese piastre, and has undergone various redenominations and reforms to stabilize the economy and control inflation.
Current Use
Today, the Kip remains the primary currency in Laos, used in all financial transactions, with coins and banknotes issued by the Bank of the Lao P.D.R. and widely accepted throughout the country.