Ripple’s Swell Conference held in San Francisco highlighted a speech by Former American president Bill Clinton who spoke about Blockchain.
He said the –
“permutations and possibilities of blockchain technology are staggeringly great. But we could ruin it all by negative identity politics and economic and social policy.”
Bill Clinton compared blockchain to e-commerce solutions which changed the retail industry in the 1990’s. He spoke about how GPS technology developed during his presidency was also pointed out for criminal activities similar to cryptocurrencies.
Bill Clinton even spoke about his first Bitcoin being given as a gift by venture capitalist Matthew Roszak back in 2016 at a conference in Washington. While his wife Hilary Clinton had refused to accept Bitcoins as donations when she was standing for elections.
His remark on the disparity of access was pretty impressive-
“The more you develop new technologies like blockchain … AI technologies, robotic technologies … the more the disparity of access is going to be felt.”
Bill Clinton served as the American president from 1993 to 2001 hailing from the Democratic Party.
Ripple’s event Swell is an annual gathering of world’s leading experts discussing on policy, payments and technology on global payments. Ripple has been ensuring it works on solving better cross-border transaction solutions this year with plenty of partnerships with financial institutions such as Santander and UBS.
Certain individuals on Twitter exploded with excitement when Bill Clinton was seen with cryptocurrency personalities such as Brad Garlinghouse, CEO of Ripple.
— Michal Kaczmarski (@mkaczmarski) October 1, 2018
However, some pinpointed that the Bill Clinton speaking about Blockchain at a Ripple event was paid for, given that he has never publicly spoken about blockchain or cryptocurrency.
— Margaux Avedisian (@MargauxWithAnX) October 1, 2018
America’s politicians are starting to take notice of cryptocurrency, especially on the regulation front. For example, a group of lawmakers from the US Congress sent a letter to the Securities and Exchange Commission’s Chairman Jay Clayton last week to provide guidance on how SEC plans to regulate the digital currency.