Buzz from the Bitcoin Confab

MAY 22, 2013. The Bitcoin2013 conference attracted a mix of businesspeople in suits and entrepreneurs in jeans and untucked shirts. All were excited about the technology's potential to disrupt the payments business – specifically micropayments, international remittances and charitable giving. For merchants, Bitcoin offers faster and cheaper payments than incumbent systems. The U.S. government's recent crackdown on Mt. Gox, the world's largest Bitcoin exchange, failed to cast a pall over the event.