What is XBT (XBT)?

XBT is one of two Bitcoin codes, with BTC code being the other. Although BTC is still the more popular term for the cryptocurrency asset, XBT is better suited for its potential as a global reserve currency. Why The XBT Сyptocurrency Symbol?

Is XBT and BTC the same?

However XBT is not yet officially recognized by the ISO. We cannot say which one will be more adopted in the future but as of now, Bitcoin in the market is being called as both BTC and XBT. Moreover Bitcoin is a decentralized currency and so no authority or standards can force the use of acronym.

Is XBT a new abbreviation for bitcoin?

Now XBT is not a new abbreviation for Bitcoin. It was proposed on 2013 and the reason for the alternative ticker name XBT is because BTC clashes with a national currency and it doesn’t comply ISO standards. However XBT is not yet officially recognized by the ISO.

Why does bitcoin start with X and not XBC?

Since Bitcoin is not a national currency or is not in any way associated with a country like the way gold or silver is; we can pretty much understand why the symbol of Bitcoin starts with X. But why XBT and not XBC? If you take the name of the currency (Bit Coin) in to account then the obvious variant should be XBC. Right!? But here is the thing.