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Cloudflare’s NET Dollar Aims to Fuel AI-Powered Payments

Key Takeaways

  • Cloudflare is launching NET Dollar, a USD-backed stablecoin designed to enable automated payments between software systems and AI tools;
  • The currency will allow AI agents to make instant purchases, like booking tickets or placing orders, without human involvement;
  • NET Dollar aims to support new digital income models by helping developers, creators, and AI firms exchange value through microtransactions.​

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Cloudflare’s NET Dollar Aims to Fuel AI-Powered Payments

Cloudflare, a company known for its internet infrastructure services, is preparing to launch a new digital currency called NET Dollar.

This asset will be tied to the US dollar and is designed to support fast and automated payments between online systems and software agents.

The aim of NET Dollar is to make it easier for AI tools, such as automated programs that can book tickets, place online orders, or manage personal schedules, to make purchases or payments without needing human input.

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Cloudflare noted in a press release on September 25 that this form of instant payment could improve how these tools interact with online services.

The company said the new stablecoin will be fully backed by actual US dollars. It will also be built to work across different platforms globally, settle transactions quickly, and allow payments to be controlled by software instructions.

For example, an AI assistant might be able to automatically purchase a product when its price drops or book a ticket as soon as it becomes available.

Cloudflare also sees NET Dollar as a way to support new digital business models. It may help developers earn small amounts of money when their tools are used, allow creators to be paid for their work more directly, and help AI companies pay content owners fairly.

According to Cloudflare CEO Matthew Prince, online businesses have long relied on advertising and traditional banking systems. He noted that the next version of the internet will rely more on small, usage-based payments instead.

Recently, Google introduced a new open-source system for AI payments that includes built-in support for stablecoins, made in partnership with Coinbase $3.17B . How does it work? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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