Convert Ethiopian Birr to Bitcoin
Please provide values below to convert Ethiopian Birr [ETB] to Bitcoin [BTC], or Convert Bitcoin to Ethiopian Birr.
How to Convert Ethiopian Birr to Bitcoin
1 ETB = 16170256.884642 BTC
Example: convert 15 ETB to BTC:
15 ETB = 15 × 16170256.884642 BTC = 242553853.26963 BTC
Ethiopian Birr to Bitcoin Conversion Table
| Ethiopian Birr | Bitcoin |
|---|
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.
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.