Ripple has announced non-other than The Comeback Kid himself, 42nd President of the United States Bill Clinton, as the keynote speaker at its upcoming Swell conference.
In need of something of a comeback itself, after a an up and down year that has seen problems with public perception of Ripple (the company) – and, vitally, its questionable relationship to Ripple (XRP currency it created) – tarnish both, Ripple (the company, we think) has announced that former President Clinton will deliver the key address to its upcoming Swell conference, which runs Oct 1st and 2nd in San Francisco.
The event, touted as connecting “the world’s leading experts on policy, payments and technology for the most provocative dialog in global payments today”, will see the former president headline two days of talks and meetings, and participate in a Q&A chaired by Gene Sperling, National Economic Council Director and Advisor under Presidents Clinton and Obama.
Clinton’s controversial spell in the White House spanned an era that saw widespread adoption of the internet across the world. That is a period of financial history regularly compared to the current explosion of blockchain technology, and includes – of course – the bursting of the dotcom bubble in early 2000, a collapse in the value of NASDAQ-quoted tech companies that continued beyond his tenure and into 2002 that saw many start-ups go to the wall.
The ex-President is the latest big name to be engaged by Ripple (the company) in its 2018 PR drive, as it fights off accusations that it exerts too much control over Ripple (XRP – the cryptocurrency), despite its protestations that is a separate entity.
At various times this year it has also called upon Ripple (the company) investor Ashton Kutcher and Madonna to boost its profile. Neither have helped the value of Ripple (the cryptocurrency), though, which now stands at about 1/6th of January high. Ripple (the company), on the other hand has seen continued success for its xCurrent, xRapid and xVia payments systems, as they become more widely adopted – and continues to spend its huge pre-mined coffers of Ripple (the cryptocurrency) to fund its various projects, despite their dwindling value.