Dear friends, good evening from India,
Bit coin is digital currency and it is considered to be the most hot in the market.
1 bit coin is of worth 470 USD and its price is changing up or down.Since last year bit coin is started to be accepted world wide and so many countries are now doing trading of bit coin. I have heard that Paypal the major e currency processor is also in talks with bit coin people to start some join service with them. Bit coin is basically a digital currency and you can even mine them from few sites and get more and more bit coin from mining process

source: http://www.bubblews.com/news/7618030-do-you-know-about-bit-coin