Convert Bitcoin to Eritrean Nakfa
Please provide values below to convert Bitcoin [BTC] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Bitcoin.
How to Convert Bitcoin to Eritrean Nakfa
1 BTC = 5.63327270039739e-07 ERN
Example: convert 15 BTC to ERN:
15 BTC = 15 × 5.63327270039739e-07 ERN = 8.44990905059608e-06 ERN
Bitcoin to Eritrean Nakfa Conversion Table
| Bitcoin | Eritrean Nakfa |
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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.
Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.