On Tuesday, multinational tech company Google announced the release of a new payment protocol designed to streamline the process of sending and receiving funds for Artificial Intelligence (AI) applications. This open-source initiative spreads beyond traditional payment methods such as credit and debit cards to include stablecoins.
Google’s new payment protocol
To facilitate integration of StabelcoinsGoogle collaborated with the US-based Cryptocurrency Exchange Coinbase, which has already developed its AI and Crypto payment solution through its X402 market program.
Google also attached to more than 60 organizations including major players like Slesforce, American Express and Etsy to include a wide range of approaches and capabilities in the new protocol.
James Tromans, the head of the web3 at Google Cloud, emphasized the design of the protocol in one Interview With Fortune, said, “We made it from the ground to consider both the existing payments infrastructure and emerging capabilities such as Stabelines.”
In the last one year, the AI Solutions has been one of the largest trends in the Cryptocurrency sector, inspired by his ability to automate complex tasks such as trading and dysented finance (DEFI) management.
Given significant interest in stablecoins after passing and signing Talented actThe United States Bill, the United States, seems to see that Google is taking itself in support of this development, as well as in support of the Trump administration for both Crypto and AI solutions.
Many industry leaders predict a future where the AI system will automatically communicate, potentially AI will allow financial advisors to interact on hostage to connect with AI representatives of various institutions, or individual shopping agents directly with AI retailers.
Tech veterans hugs Stabecoin
The launch recently built on a protocol launched by Google in April, which set a standard for communication between various artificial intelligence agents.
Tromans said that the purpose of this new payment protocol is to ensure that transactions between transactions Artificial intelligence agent There are safe, safe and aligned with the intentions of the user.
The coinbase’s engineering head, Eric Radel, highlighted the importance of his partnership, “We are all working to find out how we can transmit AI to each other.”
Repale believes that this new cooperation between the two giants is to pave the way for the more interconnected digital economy, where AI systems can basically provide financial transactions.
Google’s entry into StableCoin space aligns with increasing interest among the chief Tech firmCompanies such as Apple, AirbnB, and Meta are searching for integration, reflecting a comprehensive tendency in Silicon Valley towards embracing cryptocurrency.
In June, e-commerce platform Shopif also announced a plan to implement Stabelcoin Payment Options later this year, further indicating a change to new financial solutions.
Special displayed image from CNBC, chart from traudingview.com
Editorial process Focus on giving full research, accurate and fair content for bitcoinists. We maintain strict sourcing standards, and each page undergoes hardworking review by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and value of our content for our readers.
