Bitcoins can be used to buy merchandise anonymously and pay for services. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
Western Union is a global leader in money transfer and massage services. Western union continues today to help consumers and businesses transfer money or make payments using money orders and other electronic systems. Consumers can quickly and easily transfer money to more than 170,000 western union Agent Locations in over 190 countries worldwide-the largest network of its kind.
MoneyGram International Inc. is a money transfer company based in the United States with headquarters in Dallas, Texas. It has an operations center in St. Louis Park, Minnesota and regional and local offices around the world. MoneyGram businesses are divided into two categories: Global Funds Transfers and Financial Paper Products.