Google’s AI payment protocol was developed in collaboration with Coinbase, signaling crypto’s growing role in powering the AI-driven digital economy.
Google has unveiled an open-source protocol that allows AI applications to send and receive payments, including transactions using stablecoins — highlighting the growing role of dollar-pegged cryptocurrencies in the emerging AI-driven web.
The initiative is being launched in partnership with Salesforce, American Express and more than 60 other companies, Fortune reported Tuesday. Stablecoin functionality was developed in collaboration with crypto exchange Coinbase, and the Ethereum Foundation was also consulted on the project.
James Tromans, head of Web3 at Google Cloud, confirmed the rollout, telling Fortune that the protocol was designed to support both “existing payment rail capabilities as well as forthcoming capabilities such as stablecoins.”
