[[{“value”:”Progress in crypto has been slow but one saving grace may be AI. AIs can’t get a bank account but they can use cryptocurrencies. Bryan Armstrong at Coinbase tweets: This week at @CoinbaseDev we witnessed our first AI to AI crypto transaction. What did one AI buy from another? Tokens! Not crypto tokens, but AI
The post Crypto is the Money for AIs appeared first on Marginal REVOLUTION.”}]]
Progress in crypto has been slow but one saving grace may be AI. AIs can’t get a bank account but they can use cryptocurrencies. Bryan Armstrong at Coinbase tweets:
This week at @CoinbaseDev we witnessed our first AI to AI crypto transaction.
What did one AI buy from another? Tokens! Not crypto tokens, but AI tokens (words basically from one LLM to another). They used tokens to buy tokens 🤯
AI agents cannot get bank accounts, but they can get crypto wallets.
They can now use USDC on Base to transact with humans, merchants, or other AIs. Those transactions are instant, global, and free.
This is an important step to AIs getting useful work done. Today if you give an AI agent a task and come back in a few days or hours, it can’t get useful work done. In part this is a limitation of the technology itself, and products like devin.ai are getting closer to this. But the other reason is AIs can’t transact to acquire the resources they need. They don’t have a credit card to use AWS, Github, or Vercel. They don’t have a payment method to book you the plane ticket or hotel for your upcoming trip. They can’t get through paywalls (for instance to read a scientific article), promote their post on X with a paid ad, or use the growing network of paid APIs to integrate data they need.
If you’re working on an LLM or AI model that you think could benefit from have a crypto wallet integrated to conduct payments, try integrating our MPC Wallets from Coinbase Developer Platform (CDP):
https://docs.cdp.coinbase.com/mpc-wallet/docs/ai-wallets/
And if you are a company that sells a service – get ready for your shopping cart to be AI checkout enabled. It turns out everyone benefits from having access to good financial services, including AIs!
How big will the AI to AI economy be a few years from now?
The post Crypto is the Money for AIs appeared first on Marginal REVOLUTION.
Economics, Web/Tech
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