It is a cryptocurrency wallet. It is said to be the decentralized digital currency. If you use bitcoin you don't need any third person to maintain the transaction of money. Its a peer to peer network.
whats the value of it?
If you have one bitcoin, you can covert it to approximately $8000 USD. Can you imagine how valuable it is! There are a lot of online converter where you can convert your bitcoin to paypal and other payment processors. You can do the opposite too, it very easy.
This digital currency was invented in 2008 by an unknown person, people call him Satoshi Nakamoto. You can buy online products using bitcoin. There are a lots of online store which offer bitcoin as payment method.
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