If you're a regular Internet surfer, you must be seeing a lot about BitCoins these days. BitCoin is a new kind of digital currency based payment network. It is an Open-Source project build for simplifying transactions for everyone.
With BitCoin, you can send and receive payments easily. It doesn't matters where the sender and receiver are located, BitCoin allows P2P transaction without the involvement of any Bank or any Online Gateway. Alike sites like PayPal, the transaction fees will be zero or very low while transacting through BitCoin. Management of transactions and issuing of BitCoins is done by their network.
The price of BitCoin can increase or decrease as it is in the initial step of the project. It is recommended not to use BitCoin for your savings as it will take some more time to set up.
BitCoins can be transferred from Africa to Canada in 10 minutes. There is no bank to slow down the process, level outrageous fees, or freeze the transfer. You can pay your neighbours the same way as you can pay a member of your family in another country.
If you were looking for an app that lets you track the current value of the BitCoin in your currency, BitCoin Ticker is the one you need. This free Mac app sits in the finder bar at the top of the screen and displays the current value of a BitCoin in your country. Currently, the app can displays the USD, GBP and EUR equivalent of the BitCoin.
The app automatically refreshes the value. You can change the source of data too. In App Preferences, you can enable automatic launch at Startup, hide the decimal value and hide the currency symbol.