Coinbase CEO Brian Armstrong says artificial intelligence (AI) agents are now conducting crypto transactions among themselves.
In a new thread on the social media platform X, Armstrong say the largest US-based crypto exchange witnessed its first AI-to-AI transaction earlier this week.
“What did one AI buy from another? Tokens! Not crypto tokens, but AI tokens (words that actually move from one language learning model to another). They used tokens to buy tokens. AI agents can’t get bank accounts, but they can get crypto wallets.
They can now use USDC on base to transact with humans, traders or other AIs. These transactions are instant, worldwide and free.”
According to Armstrong, being able to transact with other AI agents to acquire resources is a huge step forward, as the capabilities of AI technology are currently limited in terms of using traditional forms of payment.
“Today, if you give an AI agent a task and come back in a few days or hours, it can’t get any useful work done. In part, this is a limitation of the technology itself… AIs cannot transact to acquire the resources they need. They don’t have a credit card to use AWS (Amazon Web Services), Github or Vercel.
They have no payment method to book the plane ticket or hotel for your upcoming trip. They can’t break through paywalls (for example, to read a scientific article), promote their post on X with a paid ad, or use the growing network of paid APIs (application programming interfaces) to integrate the data they need to have…
It turns out that everyone benefits from access to good financial services, including AI!”
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