Mbps - definition

In data transmission to express speed, we often use this unit Mbps- megabits per second. Notice, it’s not BYTE, it’s a BIT. And there is a difference between BYTE and BIT. And MBps stands for megabytes per second. To define the capacity of our storage devices we often use the later unit. i.e.: I have 512MB microSD cards or, I’m going to buy a 16MB of RAM.
According to the binary formula, 8 bits = 1 byte. So, that means the relationship between bit and byte is the multiplication factor and which is Eight (8).