Coinbase Enters the Future with AI-to-AI Crypto Transaction
Coinbase Enters the Future with AI-to-AI Crypto Transaction
Coinbase CEO Brian Armstrong revealed that the platform has facilitated its first cryptocurrency transaction between AI systems, showcasing a novel use of digital currency by artificial intelligence agents. Armstrong sees this development as a way to boost AI's ability to autonomously acquire resources and interact with both humans and other AI systems. He urges developers to integrate crypto wallets to further support the expansion of AI-to-AI transactions.
He elaborated, humorously asking, "What did one AI buy from another? Tokens! Not crypto tokens, but AI tokens—essentially words from one large language model (LLM) to another." Armstrong used a "mind-blown" emoji to emphasize the breakthrough.
Armstrong explained:
"This week, two AIs made a transaction—one AI used tokens (words from one LLM to another) to purchase tokens, not crypto tokens, but AI tokens."
He further elaborated that while AI agents can’t open traditional bank accounts like humans, they can use crypto wallets to transact on Base, a blockchain platform, with USDC. These transactions, Armstrong said, are “instant, global, and free,” enabling more seamless interactions between AI, humans, merchants, and other AI systems.
Armstrong also touched on the broader impact of this development, noting that AI agents currently struggle to complete tasks independently because they lack access to traditional financial tools like credit cards for services such as AWS, Github, or Vercel. With this new capability, AI agents could overcome these obstacles and autonomously secure the resources they need.
This announcement follows Armstrong’s recent call for large language models (LLMs) like OpenAI’s ChatGPT and Anthropic’s Claude to have crypto wallets, stating, “Let’s help AI agents get work done and participate in the economy.”
AI Transaction Milestones
Recent developments include Skyfire launching a platform in August that enables AI agents to spend autonomously, and Biconomy’s introduction of the Delegated Authorization Network, allowing AI agents to execute on-chain transactions.
As the AI boom continues to drive technology stocks and support the crypto market, traders are betting that AI will unlock new revenue streams and cost efficiencies. Armstrong envisions a future where AI agents, with crypto wallets, can overcome limitations like the inability to transact online. He encouraged developers to integrate crypto wallets into their AI programs to address this gap.
Critics, however, question whether the AI hype will lead to practical use cases, with concerns about the technology’s readiness for mass adoption.
Armstrong also hinted at the future potential for businesses: "If you sell a service, prepare for AI-enabled checkouts. Everyone benefits from access to financial services, including AIs! Imagine how large the AI-to-AI economy could be in a few years," he speculated.
The ongoing surge in AI excitement has kept the crypto and tech markets closely linked, with Coinbase’s stock reflecting the volatility of both sectors since its Nasdaq debut in 2021.
Visit Us: https://graniteshares.com/institutional/uk/en-uk/
Capital at Risk | Sophisticated Investors Only
Sources:
@Cointelegraph
@Forbes
Coinbase CEO Brian Armstrong revealed that the platform has facilitated its first cryptocurrency transaction between AI systems, showcasing a novel use of digital currency by artificial intelligence agents. Armstrong sees this development as a way to boost AI's ability to autonomously acquire resources and interact with both humans and other AI systems. He urges developers to integrate crypto wallets to further support the expansion of AI-to-AI transactions.
He elaborated, humorously asking, "What did one AI buy from another? Tokens! Not crypto tokens, but AI tokens—essentially words from one large language model (LLM) to another." Armstrong used a "mind-blown" emoji to emphasize the breakthrough.
Armstrong explained:
"This week, two AIs made a transaction—one AI used tokens (words from one LLM to another) to purchase tokens, not crypto tokens, but AI tokens."
He further elaborated that while AI agents can’t open traditional bank accounts like humans, they can use crypto wallets to transact on Base, a blockchain platform, with USDC. These transactions, Armstrong said, are “instant, global, and free,” enabling more seamless interactions between AI, humans, merchants, and other AI systems.
Armstrong also touched on the broader impact of this development, noting that AI agents currently struggle to complete tasks independently because they lack access to traditional financial tools like credit cards for services such as AWS, Github, or Vercel. With this new capability, AI agents could overcome these obstacles and autonomously secure the resources they need.
This announcement follows Armstrong’s recent call for large language models (LLMs) like OpenAI’s ChatGPT and Anthropic’s Claude to have crypto wallets, stating, “Let’s help AI agents get work done and participate in the economy.”
AI Transaction Milestones
Recent developments include Skyfire launching a platform in August that enables AI agents to spend autonomously, and Biconomy’s introduction of the Delegated Authorization Network, allowing AI agents to execute on-chain transactions.
As the AI boom continues to drive technology stocks and support the crypto market, traders are betting that AI will unlock new revenue streams and cost efficiencies. Armstrong envisions a future where AI agents, with crypto wallets, can overcome limitations like the inability to transact online. He encouraged developers to integrate crypto wallets into their AI programs to address this gap.
Critics, however, question whether the AI hype will lead to practical use cases, with concerns about the technology’s readiness for mass adoption.
Armstrong also hinted at the future potential for businesses: "If you sell a service, prepare for AI-enabled checkouts. Everyone benefits from access to financial services, including AIs! Imagine how large the AI-to-AI economy could be in a few years," he speculated.
The ongoing surge in AI excitement has kept the crypto and tech markets closely linked, with Coinbase’s stock reflecting the volatility of both sectors since its Nasdaq debut in 2021.
Visit Us: https://graniteshares.com/institutional/uk/en-uk/
Capital at Risk | Sophisticated Investors Only
Sources:
@Cointelegraph
@Forbes
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
