Google Launches AI Payment Protocol With Stablecoin Support

Google has unveiled an open-source protocol that enables AI functions to ship and obtain funds, together with transactions utilizing stablecoins — highlighting the rising position of dollar-pegged cryptocurrencies within the rising AI-driven internet.

The initiative is being launched in partnership with Salesforce, American Categorical and greater than 60 different corporations, Fortune reported Tuesday. Stablecoin performance was developed in collaboration with crypto alternate Coinbase, and the Ethereum Basis was additionally consulted on the mission. 

James Tromans, head of Web3 at Google Cloud, confirmed the rollout, telling Fortune that the protocol was designed to help each “current cost rail capabilities in addition to forthcoming capabilities akin to stablecoins.”

Coinbase engineer Erik Reppel mentioned the alternate labored with Google to make their cost methods interoperable. “We’re all working to determine the best way to make AI transmit worth to one another,” he informed Fortune.

The cost system builds on Google’s Agent2Agent Protocol, introduced in April, which offers a framework for AI brokers to alternate info and work together extra effectively. It was developed with help from greater than 50 know-how companions, together with PayPal, Salesforce and SAP, and consulting corporations akin to Deloitte, McKinsey and PwC.

The Tuesday announcement comes amid a rising push to attach AI agents — autonomous software program applications able to making choices with out human enter — with decentralized finance (DeFi) protocols. Such integration may streamline buying and selling, enhance person interplay, and increase real-world cost use instances.

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Stablecoin integration with AI positive aspects momentum

Stablecoins could show to be essentially the most impactful crypto use case for AI brokers, rising simply as each applied sciences achieve broader mainstream adoption. These dollar-pegged tokens lately obtained a regulatory enhance in the US by way of the GENIUS Act.

Galaxy Digital CEO Mike Novogratz lately underscored stablecoins’ importance on this shift, predicting that AI brokers will finally turn into “the most important person of stablecoins.”

The Ethereum Basis has additionally highlighted stablecoins’ potential in powering AI-driven functions. 

In August, the muse pointed to the dormant HTTP 402 status code — which denotes “cost required” — and famous that, when paired with Ethereum Enchancment Proposal (EIP) 3009, it may allow AI brokers to execute stablecoin transfers mechanically.

On the time, the muse said that “autonomous brokers are about to turn into Ethereum’s largest energy customers.”

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