The main reason as to why Ripple decided to invite the former president was because of his fame and background on drafting policies that help emerging technologies. During his tenure as president, Clinton signed the Telecommunications Act of 1996 which is said to have started the internet age.
Swell, an event organized by Ripple happened on the 1st and 2nd of October in San Francisco, had former US President Bill Clinton as a keynote speaker. Is it a publicity stunt?
Clinton delivered a keynote speech in front of experts in the field of blockchain and cryptocurrencies.
It is not known what his topic was as Ripple won't publish Clinton’s speech nor the onstage Q&A with his former economic advisor Gene Sperling. But a video of the event shows a glimpse of Clinton imparting his opinion on blockchain:
Attendees include participants from the IMF, Siam Commercial Bank, eBay, and Alitheia Capital, and also Ripple CEO Brad Garlinghouse, and Ed Metzger of Banco Santander.
The former president’s fee for speaking in Swell was not revealed. But according to other sources his fee for the event might be up to $500,000.
Ripple envisions a second internet era where cross-border payments are made more reliable, faster, and cheaper by using blockchain. Its platform aims to introduce a standard protocol for linking individuals and institutions across the globe through transactions that will give rise to new businesses and industries.