Ashton Kutcher Gave Ellen DeGeneres $4 million in Cryptocurrency for her Charity
Actor and noted tech investor Ashton Kutcher surprised Ellen DeGeneres on this Wednesday with a large donation to the talk show host’s wildlife charity on behalf of cryptocurrency Ripple, XRP.
Kutcher surprised DeGeneres with the donation, on behalf of Ripple, live on “The Ellen DeGeneres Show” on NBC.
“You’re always thinking about everyone else,” Kutcher told DeGeneres. “We wanted to show you that people are thinking about you.”
Kutcher joked that, typically, such a large donation might be accompanied by a “big, giant check,” but the actor instead had DeGeneres push a button on his phone to transferr millions of dollars worth of the cryptocurrency to the charity instantly.
Kutcher and Oseary (a friend of DeGeneres’ who is a talent manager for acts like Madonna and U2) are invested in Ripple through their tech investment fund, Sound Ventures. The fund has also invested in tech startups such as cloud-based business software company Zenefits, while Kutcher himself was also an early backer of major startups like Airbnb and Uber.
Here’s what you need to know about Ripple and XRP.
“Ripple is basically a platform to allow people to transfer money from bank account to bank account, person to person, really securely, really simply, really quickly,” said Kutcher, a noted fan of the blockchain technology that supports cryptocurrency.
Ripple’s XRP coin is currently worth just over $24.3 billion on paper, compared to Bitcoin’s valuation of $128 billion. Of course, like other cryptocurrencies, XRP has proven to be extremely volatile, having lost more than 80 % of its value since hitting a high price of $3.84 per digital token in January 2018. Ripple co-founder Chris Larsen saw his personal XRP holdings lose more than $40 billion in value at one point in January, when cryptocurrency valuations fell off a cliff.
Ripple’s XRP ended Wednesday trading at roughly 65 cents, according to Coinmarketcap.com.