"To add compatibility with stablecoins, Google worked with the crypto exchange Coinbase, which has built its own AI and crypto payments scheme. "The way we built it is from the ground up to factor in both heritage and existing payment rail capabilities as well as forthcoming capabilities such as stablecoins," James Tromans, the head of Web3 at Google Cloud, told Fortune."
"In the buzzword-laden world of AI, "agents" are AI algorithms designed for specific use cases that can call up apps on one's device or across the internet. Some companies have created agents that specialize in writing code. Others have created AI agents that browse online marketplaces to buy, say, clothes for a human shopper. Many tech executives predict that, in the near future, AI will increasingly talk with AI, with no humans in between."
Google released an open-source payments protocol to enable AI apps and agents to send and receive money. The protocol supports traditional payments like credit and debit cards and also stablecoins pegged to assets such as the U.S. dollar. Google collaborated with crypto firms including Coinbase and the Ethereum Foundation and consulted more than 60 organizations including Salesforce, American Express, and Etsy to design the protocol. AI "agents" are algorithms that call apps or services to perform tasks. The payments protocol builds on an agent-communication standard to enable secure, intent-preserving transactions between AI agents acting on behalf of humans.
Read at Fortune Crypto
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