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Google’s New Protocol Lets AI Handle Crypto Payments

Key Takeaways

  • ​Google’s new protocol enables AI systems to send and receive payments, including stablecoin transactions;
  • The project is backed by over 60 companies, including Salesforce, American Express, Coinbase, and the Ethereum Foundation;
  • Built on Google’s Agent2Agent Protocol, the update lets AI agents manage payments independently, without human input.

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Google’s New Protocol Lets AI Handle Crypto Payments

Google has released a new open protocol that lets artificial intelligence (AI) systems handle payments, including those made with stablecoins.

According to a report by Fortune on September 16, the project is being developed with the support of over 60 companies. Key partners include Salesforce and American Express.

The payment system’s stablecoin features were created with help from Coinbase $2.21B , while the Ethereum ETH $4,511.71 Foundation also gave input during the design phase.

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James Tromans, who leads the Web3 team at Google Cloud, confirmed the launch and explained that the protocol works with current payment systems while also being ready to support digital assets like stablecoins in the future.

Coinbase engineer Erik Reppel said their goal was to make it easier for AI tools from different platforms to exchange value between each other.

This new system builds on Google’s earlier Agent2Agent Protocol, which was introduced in April. It was developed with input from more than 50 companies and consultancies, including PayPal, SAP, Deloitte, and PwC.

The latest update adds payment features to that existing foundation. With it, AI agents can share data and manage transactions independently, without human involvement.

This development comes as more companies explore ways to integrate AI agents with decentralized finance (DeFi) systems.

Google Cloud recently confirmed its internal blockchain project, the Google Cloud Universal Ledger (GCUL). What did the company say? 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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