What is Bit-Coin? Bitcoin is the simplest way to exchange money at very low cost. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part . Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. WHY BIT-COIN Mobile payments made easy Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology). Security and control over your money Bitcoin transactions are secured by military grade cryptography. Nob...