The post Devs demonstrate AI to AI crypto transactions on Coinbase Developer Platform appeared on BitcoinEthereumNews.com.

Coinbase saw its first AI-to-AI crypto transaction using AI tokens on its developer platform. The AI agents used crypto wallets to transact with AI tokens, bypassing traditional finance. This marks a step toward autonomous AI-driven economies and AI-enabled checkouts. This week, the cryptocurrency world took a significant leap forward as Coinbase, a leading cryptocurrency exchange, witnessed its first AI-to-AI crypto transaction. Overseen by Coinbase CEO Brian Armstrong, this event marks a groundbreaking development where AI agents autonomously executed a transaction using AI tokens. This could pave the way for AI-driven economies, with AI agents performing increasingly complex tasks through crypto transactions. Successful crypto transaction with AI agents on Coinbase The transaction, conducted on the Coinbase Developer Platform, involved two AI agents, bots designed to carry out certain tasks, exchanging AI tokens — essentially strings of data that enable learning and task execution. Armstrong, in his announcement, emphasized the importance of this development stating, “AIs are now paying other AIs with crypto,”  and highlighting how one AI agent used tokens to purchase tokens from another. This development is more than just a technical achievement; it symbolizes a critical step toward enabling AI agents to complete useful tasks autonomously. Traditionally, AI agents have faced limitations due to their inability to access traditional financial services like bank accounts or credit cards. These limitations have restricted their capacity to perform tasks that require transactions, such as booking flights, managing ads, or accessing paid APIs. However, with the integration of crypto wallets, AI agents can now bypass these hurdles. Using USDC on Base, a blockchain developed by Coinbase, AI agents can transact instantly, globally, and free of charge. This development opens up new possibilities for AI agents to acquire the resources they need to complete tasks more efficiently, without human intervention. The future of AI-driven…

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Filed under: News - @ August 31, 2024 10:21 am