Money Bit is one of the most downloaded free application for Windows OS. This program was designed by Andy Andrews and provides you with the ability to transfer money from one bank account to another, to make a gift to someone or purchase a product online. The word bit is also a colloquial term referring to coins in different countries throughout the world. As a developer, Mr. Andrews has spent considerable amount of time working on a prototype of an online banking application that is free to download. The Money Bit application does have its limitations as it only supports transferring funds between accounts you have created. The website does provide a list of supported currencies.
Although the Money Bit website states that this is free to download, a promotional offer is seen at the bottom of the page which states "the full free version of the Money Bit will be coming to you within a few days". The promotional offer is a link to a payment processor, which will allow users to start transferring their money using the Bit- Coins. It is still not clear whether this payment processor will be linked to any existing merchant services, or whether this new service will generate its own merchant account providers.
The popularity of the Money Bit application is not surprising because it does provide a number of useful features. The simplicity of the application makes it easy to use even by beginners. There are no complicated set ups required, and the software installs and works very quickly. Many people are quick to see the potential of this software as an alternative to the traditional currency exchange systems like PayPal and Moneybookers, which they both require large investments. Although the website may not indicate when the free demo will end, the free trials are available indefinitely for the first 30 days.
