Convert Georgian Lari to Bitcoin
Please provide values below to convert Georgian Lari [GEL] to Bitcoin [BTC], or Convert Bitcoin to Georgian Lari.
How to Convert Georgian Lari to Bitcoin
1 GEL = 320642.50440765 BTC
Example: convert 15 GEL to BTC:
15 GEL = 15 × 320642.50440765 BTC = 4809637.56611476 BTC
Georgian Lari to Bitcoin Conversion Table
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.