A notable move has come from the U.S.-based tech giant, Google. The company has created a payment protocol that will allow its artificial intelligence tools to send and receive money. This protocol will support both traditional currencies and cryptocurrencies. This new technology appears set to open a new chapter in both the AI and cryptocurrency sectors.
To create this protocol, Google conducted extensive work. The company collaborated with Coinbase, one of the world’s largest cryptocurrency exchanges, and also received support from the Ethereum Foundation. To determine how the protocol would work, the company consulted with over 60 companies, including Salesforce, American Express, and Etsy.
Why Is Google Taking This Step?
As artificial intelligence technologies continue to evolve, experts believe they will become much more widely used in the future. This is precisely why Google is creating a payment protocol for its AI tools. The company will enable its AI agents to become more effective and capable of making payments in the future.
Consider this protocol: you would ask an AI agent to make a reservation for you. The agent would initiate the process and also complete the payment. In this way, AI would offer consumers an end-to-end experience. With the protocol it has developed, Google will ensure the automation of the payment process and be able to generate profit from it.
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