Ex-US President Bill Clinton, speaking at Ripple’s annual Swell conference in San Francisco, has praised the rise of blockchain technology.

From appearing as a moderator on a panel of world leaders at the Bloomberg Global Business Forum to keynote speaker at a cryptocurrency and blockchain conference, the ex-US president appears to be everywhere at the moment.

It has not escaped crypto pundits’ attention that Ripple is not shy when it comes to attracting big names with little knowledge of crypto to promote its causes. Actor and investor Ashton Kutcher has already donated USD 4 million worth of XRP to the Ellen DeGeneres Wildlife Fund on live TV and Snoop Dogg made his appearance at the Consensus NY event early this year, again sponsored by Ripple.

As a politician and leader he was known for his drafting of policy for emerging technologies, so given this, it probably should come as no surprise. His technological swansong was the signing of the historic Telecommunications Act of 1996 which really pre-empted the age of the internet. Given these proven attributes in the field of new technologies, Ripple reputedly paid him up to USD 500,000 for his keynote address, according to media reports.

The topics of the event including foreign policy, blockchain, cryptocurrency and banking. Clinton praised emerging technologies such as blockchain in his address and commented the future for DLT had huge implications for the disruption of the global status quo. In a discussion with his formal economics adviser Gene Sperling, he commented:

“This whole blockchain deal has the potential it does only because it is applicable across national borders [and] income groups. The permutations and possibilities are staggeringly great… We could ruin it all by negative identity politics and economic and social policy. You think about that.”

Clinton, a Bitcoin holder since 2016, after receiving a gift from venture capitalist and tech entrepreneur Matthew Roszak, said that economic and social policy “work better as sum games”.

 

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