Convert Ugandan Shilling to Bitcoin
Please provide values below to convert Ugandan Shilling [UGX] to Bitcoin [BTC], or Convert Bitcoin to Ugandan Shilling.
How to Convert Ugandan Shilling to Bitcoin
1 UGX = 422048163.908749 BTC
Example: convert 15 UGX to BTC:
15 UGX = 15 × 422048163.908749 BTC = 6330722458.63124 BTC
Ugandan Shilling to Bitcoin Conversion Table
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Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.
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.