Convert Cayman Islands Dollar to Bitcoin
Please provide values below to convert Cayman Islands Dollar [KYD] to Bitcoin [BTC], or Convert Bitcoin to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Bitcoin
1 KYD = 98616.4460481638 BTC
Example: convert 15 KYD to BTC:
15 KYD = 15 × 98616.4460481638 BTC = 1479246.69072246 BTC
Cayman Islands Dollar to Bitcoin Conversion Table
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Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.
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.