Convert Bitcoin to Malaysian Ringgit
Please provide values below to convert Bitcoin [BTC] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Bitcoin.
How to Convert Bitcoin to Malaysian Ringgit
1 BTC = 1.99695350252779e-06 MYR
Example: convert 15 BTC to MYR:
15 BTC = 15 × 1.99695350252779e-06 MYR = 2.99543025379168e-05 MYR
Bitcoin to Malaysian Ringgit Conversion Table
| Bitcoin | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.