Electronic Money Exchange Monitor

Bank Transfer (Wire Transfer) is a transfer of money to a bank account. It's one of the most popular way to pay in the world. As a rule, the recipient needs to have a bank account to receive money. However there are many banks that allow this transaction without opening a bank account.

Bitcoin is an innovative payment network and a new kind of money. It is based on the properties of mathematics rather than physical properties (like gold and silver) or trust in central authorities (like fiat currencies). Bitcoins hold value due to public trust and adoption, as well as labor spent to "mine" them.