Google Unveils AI Agent-to-Agent Crypto Payments Protocol
Google simply unveiled its latest contribution to the AI sector, an agent-to-agent funds protocol. This open-source platform will permit AI brokers to transact immediately with out human oversight.
Currently, the protocol permits funds in debit and bank cards alongside some USD-backed stablecoins. This may increase to different cryptoassets sooner or later.
Google’s New AI Project
Although Google has had a few rocky interactions with Web3, the agency has been making new initiatives, developing its own L1 blockchain and backing a major deal with a Bitcoin miner.
Today, in response to a brand new report, Google is planning to increase its AI presence with a brand new funds protocol.
Specifically, the tech big has created a brand new platform for AI agents to work together immediately by means of monetary transactions. Google’s new protocol focuses on agent-to-agent funds, aiming to make the agency an important piece of the rising AI infrastructure.
The agency partnered with over 60 firms, aiming to maximally combine cost choices:
“The manner we constructed it’s from the bottom as much as consider each heritage and present cost rail capabilities in addition to forthcoming capabilities reminiscent of stablecoins,” James Tromans, the Head of Web3 at Google Cloud, claimed to reporters.
A Web of Partnerships
This aim is widespread sufficient; simply yesterday, the Ethereum Foundation (EF) announced a new AI team that’s additionally supposed to safe ETH’s presence on this ecosystem. This could assist clarify why Google partnered with the EF to deploy this protocol.
To be clear, although, ETH tokens should not a suitable cost choice but. So far, the protocol solely takes funds by means of conventional channels like debit and bank cards, though it does allow USD-backed stablecoins. This may change sooner or later, nevertheless it’s presently unclear.
Google engaged in an enormous diploma of collaboration for this AI improvement. Coinbase, which facilitated the first AI-to-AI crypto transaction, was named as a significant contributor, alongside corporations like Salesforce, American Express, Etsy, and extra.
Hopefully, this can be certain that issues function easily for all kinds of transactions. Google is already fairly dedicated to the AI sector, however this replace reveals actual experimentation. If it proves profitable, it may make sure the tech big’s place in a novel sector of an explosive market.
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