Bitcoin is an innovative payment network and a new type of money. … Bitcoin uses peer-to-peer technology to operate without central authority or banks; the management of transactions and the issuance of bitcoins is carried out collectively by the network.
MoneyGram is a money transfer service similar to Western Union. It provides services such as money transfers, money orders and bill payment to people who do not have a bank account or do not want to use their normal bank account.
PayPal provides an easy and quick way to send and request money online. You can transfer money (abroad) to family, friends, online shops, and auction sites like jonevilage . All you need to send money to family or friends is the email address of the recipient.