Google has introduced a new open-source protocol empowering artificial intelligence (AI) systems to autonomously manage payments, including transactions using stablecoins.
A report published by Fortune on September 16 details that the project is being collaboratively built with support from over sixty organizations. Notable collaborators include Salesforce and American Express.
The stablecoin functionalities of the payment system were co-created with insights from Coinbase
$2.2B
, while the Ethereum
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James Tromans, heading the Web3 division at Google Cloud, verified the launch, noting the protocol’s compatibility with existing payment infrastructure while providing future-proof support for digital assets such as stablecoins.
Coinbase’s Erik Reppel explained that the overarching objective is to simplify the transfer of value among AI agents operating across different platforms.
This novel system expands upon Google’s earlier Agent2Agent Protocol, initially unveiled in April. Its development incorporated feedback from more than 50 companies and consulting firms, including industry giants like PayPal, SAP, Deloitte, and PwC.
The latest iteration enriches the original foundation with payment capabilities. This empowers AI agents to autonomously exchange data and execute transactions, eliminating the need for human intervention.
This advancement arrives as numerous organizations investigate methods for seamlessly integrating AI agents with decentralized finance (DeFi) ecosystems.
Google Cloud recently verified its internal blockchain initiative, known as the Google Cloud Universal Ledger (GCUL). Curious to learn more about the company’s statement? Explore the comprehensive report.