Convert Guatemalan Quetzal to Bitcoin
Please provide values below to convert Guatemalan Quetzal [GTQ] to Bitcoin [BTC], or Convert Bitcoin to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Bitcoin
1 GTQ = 908258.296514872 BTC
Example: convert 15 GTQ to BTC:
15 GTQ = 15 × 908258.296514872 BTC = 13623874.4477231 BTC
Guatemalan Quetzal to Bitcoin Conversion Table
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Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.
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.