Ashton Kutcher appeared on the Ellen DeGeneres Show this week, where he spoke of his work as a venture capitalist.
The TV and movie star has had a long-standing interest in technology and innovation, and his latest obsession seems to be the Ripple cryptocurrency. Kutcher is so excited about it, in fact, that he made a $4,000,000 donation to the Ellen DeGeneres Wildlife Fund using Ripple’s XRP tokens, right there on the show.
“We can actually transfer [the donation] into Rwandan francs right now, right here, and all we have to do is push this button and it’s in your account,” Kutcher said, demonstrating the reported ease of use of Ripple.
‘XRP, the third-largest cryptocurrency by market cap after Bitcoin and Ethereum, is the name for both a digital currency and an open payment network. It allows users to efficiently send money globally using the blockchain.
Kutcher has been active in tech investing in recent years through his venture capital firm, Sound Ventures (which is the successor of his previous firm firm A-Grade Investments). He co-founded it with business partner Guy Oseary, and the duo have invested in high-profile companies such as Uber, Airbnb, and Spotify.
Kutcher has also been increasingly interested in the cryptocurrency market. He has made investments in startups including Ripple as well as bitcoin payment service provider BitPay. He’s been a supporter of cryptocurrency and blockchain technology for quite some time.
At a TechCrunch conference several years ago, Kutcher spoke glowingly of the “decentralized technology” that makes Bitcoin possible. “The notion that we could civically monitor each other in an anonymous way actually keeps the anonymity of the Internet. We don’t have to worry about Big Brother,” he said at the time. “And that same infrastructure that built out Bitcoin could be used in the security industry for mass good.”’
Ellen was visibly moved by the gesture, with tears in her eyes as she tried to comprehend the magnitude of Kutcher’s generosity.