Ashton Kutcher gives cryptocurrency donation to Ellen DeGeneres’ charity
Ashton Kutcher is best known as a TV and movie actor, but many don’t realize that he’s also a successful tech investor.
Alongside music manager Guy Oseary, and billionaire Ron Burkle, Ashton Kutcher is a partner and founder of venture capital firm, A-Grade Investments, LLC.
AGR were early investors in tech giants such as Uber, Airbnb, Foursquare, and Soundcloud.
Now, Kutcher and his team have just donated $4 million in Ripple’s XRP tokens to The Ellen DeGeneres Wildlife Fund.
Speaking in a statement about the decision to make the donation in cryptocurrency rather than fiat, Kutcher explains:
“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.”
Ripple’s XRP is the third-largest cryptocurrency by market cap after Bitcoin and Ethereum.
Ripple acts as both an open payment network and a digital currency.
Its platform enables users to efficiently send money globally via the blockchain.
Ashton Kutcher has been an active investor in technology in recent years through his new venture capital firm, Sound Ventures, which is the succeeds of his previous firm AGR.
He co-founded Sound Ventures with business partner Guy Oseary, and the pair has invested in high-profile companies such as Spotify, among others.
Ashton Kutcher is bullish on crypto
Kutcher has also a growing interest in the cryptocurrency market.
Aside from his investments in startups including Ripple, he’s an investor in Bitcoin payment service provider BitPay.
During a TechCrunch conference a few years ago, Mr. Kutcher spoke enthusiastically of the “decentralized technology” that underlies Bitcoin, saying:
“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.
“And that same infrastructure that built out Bitcoin could be used in the security industry for mass good.”