Ellen DeGeneres Received $4 mln in Ripple’s XRP As A Donation From Ashton Kutcher

Ellen DeGeneres Received $4 mln in Ripple’s XRP As A Donation From Ashton Kutcher

“You’re always thinking about everyone else," said actor Ashton Kutcher to the TV-host and comedian Ellen DeGeneres on her show this week. Kutcher went on to say that now he (and someone else) wanted to demonstrate that people are thinking about her. So together with his business associate Guy Oseary he surprisingly donated $4 million worth XRP to DeGeneres’s fund which protects gorillas. Shocking, right?

Now, let’s set the record straight.

Kutcher Has DeGeneres With Eyes Wide Opened

On May 23, the Hollywood actor and a known tech investor Kutcher invited to "The Ellen DeGeneres Show" his ally Oseary, who, by the way, appears to be also a talent manager of Madonna, U2 and Amy Schumer, as well as DeGeneres’s friend.

Together they told the talk-show host about their tech interests and a recent discovery that they made for themselves – they learned about a company Ripple, which runs the third most marketable cyber coin in the world XRP. Therefore, on behalf of Ripple, Kutcher, and Oseary donated a considerable sum to DeGeneres’s newly established Wildlife Fund, aimed at protecting gorillas in Rwanda.

When announcing the donation, the actor joked that usually such large sums are given to charity when there is a huge check brought in the studio. However, with Ripple, everything was simpler as DeGeneres only had to push a button on Kutcher’s smartphone to convert $4 million worth XRP sum into Rwandan fiat and give it to DeGeneres’s fund instantly.

The Admiration of Ripple

Prior to that, Kutcher revealed that he and his business comrade run an investment fund called Sound Ventures and they are going to invest in Ripple. It is noteworthy that Sound Ventures previously piled into numerous technological startups, including Zenefits, which is a cloud-based enterprise software firm. In the meantime, Kutcher himself backed up such startups as Uber and Airbnb at an early stage.

So when attending Ellen’s show, Kutcher, a known blockchain supporter, briefly explained what Ripple is and why he is so interested in it:

"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."

What Else You Ought To Comprehend About Ripple

Ripple positions itself as a company which allows various financial institutions like banks around the world to carry out speedy and safeguarded payments with the help of XRP.

The last one, in its turn, is a virtual coin which can also be used by average people to conduct cross-border remittances through the Ripple’s platform. XRP was first introduced around six years ago, and now the company is headquartered in San-Francisco, the US.

Despite anything, XRP has established itself as a volatile currency, however just like any other cyber coin. For instance, it lost 80% of its value after its price climbed to a margin of $3.84 per token at the beginning of this year. Even Chris Larsen, a co-constitutor of Ripple, lost $40 billion worth XRP holdings at a particular moment in January.

As of writing, XRP is traded at a rate of nearly $0.60 per unit, in accordance with Coinmarketcap.com data.

How Do Ripple & XRP Work?

On Ripple, banks play a role as “gateways” which users access to send funds from one individual to another one. Such transfers on the startup’s platform are cheaper and speedier than those that traditional transfer services offer.

At the same time, XRP units, even though they are cryptos, differ from bitcoins. Unlike the last ones, they don’t need to be mined. XRP transfers are also much faster than BTC transactions, which can take days instead of a few hours.

However, there are some cons too. XRP is criticized for being pretty centralized as Ripple controls which. Also, among other drawbacks, there have been named such concerns the security of the network. Earlier in May Ripple was sued for allegedly vending securities, which were not registered, to investors.

Nevertheless, Ripple has gained enough of popularity among both crypto-enthusiasts and financial establishments, starting a deal with some of them, including American Express, MoneyGram, UBS and Banco Santander.

Currently, Ripple is able to carry out 1,500 operations per second, whereas the first most known crypto-coin in the world – Bitcoin – can boast only three transactions during the same amount of time.

Robinhood Crypto and Libertyx Get Licenses From New York State Regulator
According to reports, The New York State Department of Financial Services has issued licenses to crypto-players Robinhood Crypto and Libertyx...
Crypto-Mogul McAfee Admits Not Paying Taxes for 8 Years, Flees the US
John McAfee, a controversial cryptocurrency personality, has fled the US upon being indicted by the country’s tax authorities. The American...
Holds 100 Cryptos, Bluetooth-Enabled: Ledger Presents New Hardware Wallet
As the entire crypto-market is struggling to recover, led by news.Bitcoin.com, Ledger, a hardware wallet producer, has...
In 2018 BTC «Died» 90 Times, While There Were 1,000 «Dead» Altcoins
2018 was a true challenge for bitcoin and its pals. It had many downs, which media and naysayers noted a lot. Many times they designated bitcoin...
Report: Survey Shows People Use Cryptos More For Remittances
People tend to send remittances using bitcoin and its brethren more shows new research by a BLT-centered research company. Such a spike can be...
Unknown Dev Mined Extra 2 Million Bitcoin Private Units, Secretly
Around 2 million coins of Bitcoin Private — an altcoin which bears the name of the «big daddy» — has been premined suspiciously when there was...
Facebook May Issue a Stablecoin to Send Money on WhatsApp — Bloomberg
Has the world just stopped discussing Facebook hiring five blockchain specialists as another news has arrived. Relying on anonymous sources...
«Why Didn’t I Buy it Then?»: As BTC’s $3,700, Experts Ponder on Its Future
As bitcoin has just celebrated the anniversary of its almost $20,000 record, the world does not stop talking about it. After a terrifying dip, on...
Final G-20 Summit Declaration Talks About Crypto-Regulation
G-20 countries might initiate a regulatory oversight regarding cyber-assets. This is an idea they incorporated in a final declaration signed upon the...
Here’s Why Crypto-Market Shed $700 bln Since January
The entire market of cyber-coins lost almost $700 billion since the beginning of 2018. At present, the crypto-ecosystem is going through a massive...