Exchange Western Union EUR to Bitcoin

The Western Union Company was founded in 1851. Today, Western Union is one of the leaders in the global money transfer market. With its help, you can send money almost anywhere in the world. Currently, more than 117,000 Western Union offices work in over 180 countries worldwide. In order to receive or send a money transfer by means of this system, the user must visit one of the company service offices.

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.