Coinbase and Google Partner to Introduce Stablecoin Payments on AI Apps

TL;DR

• Google has partnered with Coinbase to roll out stablecoin payments to its AI apps.

• Ethereum Foundation, Salesforce, American Express, Etsy, and others are also involved to ensure the system covers both crypto and traditional finance. 

Coinbase and Google Collaborate to Introduce Stablecoin Payments on AI Apps

Tech giant Google has collaborated with Coinbase to enable stablecoin payments to AI applications. The new feature will allow AI apps to send and receive payments, including support for stablecoins pegged to the U.S. Dollar. 

Google is also working with the Ethereum Foundation in addition to over  60 other organizations, including Salesforce, American Express, and Etsy, to cover traditional finance use cases.

This latest development comes after Google’s earlier work to establish a standard for AI agents. 

Google added that,

“We’re collaborating with a diverse group of more than 60 organizations to help shape the future of agentic payments, including Adyen, American Express, Ant International, Coinbase, Etsy, Forter, Intuit, JCB, Mastercard, Mysten Labs, PayPal, Revolut, Salesforce, ServiceNow, UnionPay International, Worldpay, and more.”

In its press release, Google added that the digital agents may eventually handle complex tasks without direct human input, including negotiating mortgages or shopping for clothes. 

In April, the tech giant launched a protocol to standardize agent-to-agent communication. The Agent Payments Protocol (AP2), which is the latest upgrade, is an open, shared protocol that provides a common language for secure, compliant transactions between agents and merchants, helping to prevent a fragmented ecosystem. It also supports different payment types–from credit and debit cards to stablecoins and real-time bank transfers.

AP2 extends the framework to include financial transactions in a bid to ensure payments are secure, interoperable, and executed with the human user’s intent in mind.