Convert Bitcoin to Somali Shilling
Please provide values below to convert Bitcoin [BTC] to Somali Shilling [SOS], or Convert Somali Shilling to Bitcoin.
How to Convert Bitcoin to Somali Shilling
1 BTC = 1.4787055448373e-08 SOS
Example: convert 15 BTC to SOS:
15 BTC = 15 × 1.4787055448373e-08 SOS = 2.21805831725595e-07 SOS
Bitcoin to Somali Shilling Conversion Table
| Bitcoin | Somali Shilling |
|---|
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.
Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.