Convert Jamaican Dollar to Bitcoin
Please provide values below to convert Jamaican Dollar [JMD] to Bitcoin [BTC], or Convert Bitcoin to Jamaican Dollar.
How to Convert Jamaican Dollar to Bitcoin
1 JMD = 18944286.7421996 BTC
Example: convert 15 JMD to BTC:
15 JMD = 15 × 18944286.7421996 BTC = 284164301.132994 BTC
Jamaican Dollar to Bitcoin Conversion Table
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
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.