Publicly available reports or announcements from Coinbase and industry sources

Coinbase Enables First USDC Crypto Payment Between AI Agents on Base Platform

Aug 30, 2024, 10:17 PM

Coinbase has facilitated its first cryptocurrency payment between two AI agents, marking a significant development in the use of AI for financial transactions. AI agents, which cannot hold traditional bank accounts, are now able to use crypto wallets and transact using USDC on the Base platform. These transactions are described as instant, global, and free, highlighting the potential for AI to engage in commerce with humans, merchants, and other AI systems. The introduction of wallet APIs by Coinbase for AI systems suggests a growing market for AI-driven transactions, potentially transforming how products and services are sold. Additionally, AI agents can use $AKT to pay for compute on Akash Network, which is described as the only permissionless marketplace.