According to Coinbase CEO Brian Armstrong, artificial intelligence (AI) agents are now engaging in cryptocurrency transactions with each other. Armstrong recently revealed on X that the US-based exchange facilitated its first AI-to-AI transaction.
“The AI agents purchased tokens from each other, not crypto tokens, but AI tokens (essentially words from one language learning model to another). These tokens were used to conduct transactions. While AI agents cannot have bank accounts, they can have crypto wallets. They are now able to utilize USDC on Base to interact with humans, businesses, or other AI counterparts. These transactions are instantaneous, global, and fee-free.”
Armstrong emphasizes that as AI technology currently struggles to utilize traditional payment methods, the ability to transact with other AI agents for resources marks significant progress.
“At present, an AI agent cannot effectively complete a task within a short timeframe. This limitation is partly due to technology constraints. AI agents lack the means to acquire necessary resources. They do not possess a credit card for services like AWS, Github, or Vercel. They are unable to make purchases such as booking plane tickets or hotels. They also face challenges accessing paid content and APIs required for data integration. Ultimately, access to robust financial services benefits everyone, including AI agents!”
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