Exchange MoneyGram EUR to Bitcoin

The MoneyGram company was founded in 1940. MoneyGram allows you to receive a money transfer in any of the 186,000 service offices located in 190 countries around the world, just in a few minutes after sending. The obvious merits of MoneyGram, besides the transfer speed, are simplicity and reliability of the system, as well as the chance to attach a free 10-word text to a transfer. The main advantage of MoneyGram, in comparison with its competitors, is lower transfer fees; moreover, recipients are not charged.

Bitcoin is a peer-to-peer electronic cash system that uses units of account under the same name. Bitcoins may be used to pay for goods and services provided that the suppliers accept them. There is a mechanism that allows to exchange bitcoins for traditional currencies with the help of special currency markets and exchange offices. On of the major Bitcoin distinctions is that it has no centralized issuing authority. The issuing mechanism can be used by anyone but within strict limits and only by using computational resources of the special hardware that is used to avoid double-spending. The base element of Bitcoin is an open-source code client application. The client applications are peer-to-peer networked with the help of an application layer protocol. For ensuring normal functioning and security of the system, cryptographic methods are used.