Convert Malagasy Ariary to Bitcoin
Please provide values below to convert Malagasy Ariary [MGA] to Bitcoin [BTC], or Convert Bitcoin to Malagasy Ariary.
How to Convert Malagasy Ariary to Bitcoin
1 MGA = 524061427.582776 BTC
Example: convert 15 MGA to BTC:
15 MGA = 15 × 524061427.582776 BTC = 7860921413.74163 BTC
Malagasy Ariary to Bitcoin Conversion Table
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Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.
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.