Brian Armstrong announced that AI now uses crypto for transactions, a breakthrough in AI financial autonomy. First-Ever AI-to-AI Crypto Transaction Happens on Coinbase Platform Base
AI systems bypass traditional banking with crypto wallets, facilitating instant, global transactions.
This capability allows AIs to perform efficiently, overcoming barriers to accessing necessary services.
The AI-to-AI economy, driven by AI and cryptocurrency integration, is potentially reshaping the financial landscape.
Now we’ve seen it all, bots paying other bots with crypto!? Futuristic gobbledygook? Not anymore.
Coinbase CEO Brian Armstrong broke the news on platform X, in a post now viewed by a million people, or perhaps bots.
You can read more Crypto articles
Essentially, Armstrong shared that one AI purchased AI tokens (“words basically from one LLM to another” as he put it) from another AI using tokens.
AI Can’t Open Bank Account but Can Use Crypto Wallet
This gives AI systems a way to interact and transact without traditional bank accounts, which are currently out of reach, allowing them to use crypto wallets instead. The AI can now use USDC on the Base platform to make instant, global, and free transactions with humans, other AIs, or businesses.
Armstrong said this capability is crucial for AIs, as they currently face limitations like not having conventional payment methods to access necessary services or make purchases.
For developers working on AI, integrating a crypto wallet from the Coinbase Developer Platform could enable their AI to conduct transactions and overcome these barriers. Companies are also advised to prepare for transactions with AI by making their online shopping systems AI-compatible.
AI-to-AI Economy Could Reshape Financial Industry
He wrote that the convergence of AI with cryptocurrency technology paves the way for groundbreaking applications such as automated financial assistance, advanced trading, and deep data analysis.
This has the potential for a new economic era driven by AI, posing significant implications for how quickly and effectively we – as humans – can adapt to these changes.
He ends with the question of how prepared we are for this, because let’s face it: Change is happening, whether we like it or not.
It’s not a matter of “if” any longer, but rather “how quickly” these changes happen.
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