Quick take:
- The announcement follows Google’s launch of a protocol in April that allows AI agents to communicate with each other.
- The new payment protocol allows AI agents to settle payments between themselves.
- One applicable case in the future would be an AI personal shopper talking to an AI shopkeeper to buy clothing and settling the bill.
Google has launched a stablecoin-enabled payments protocol for AI apps. The protocol allows AI agents to settle payments between themselves, using legacy payment methods like credit and debit cards, or stablecoins.
The announcement follows Google’s launch of a protocol in April that allows AI agents to communicate with each other.
Google said it worked with Coinbase, which crypto exchange company Coinbase to build the protocol. Coinbase leveraged its experience building its own stablecoin-powered AI payments scheme. The two companies worked together to ensure the smooth integration of their payment schemes.
Coinbase also conferred with several other organisations, including the Ethereum Foundation, customer relationship software maker Salesforce, U.S. payments company American Express, and the e-commerce platform Etsy.
“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.
The new payment protocol allows AI agents to settle payments between themselves. One applicable case in the future would be an AI personal shopper talking to an AI shopkeeper to buy clothing and settling the bill.
The announcement comes amid the progress in bringing crypto to the mainstream, as companies grow more optimistic that a clear regulatory framework in the U.S. will continue to attract more institutional participation.
In July, President Trump signed into law the GENIUS Act, a bill that provides guidelines for traditional financial institutions looking to integrate digital assets with their systems.
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
