Google launches AI payment system with stablecoin support

The tech giant unveils an open-source solution integrating AI payments and stablecoins.

According to Fortune, Google introduced an open-source solution that allows artificial intelligence applications to handle autonomous financial transactions, including operations with stablecoins.

The project, developed in collaboration with over 60 companies, including Salesforce, Etsy, and American Express, marks the entry of stablecoins into advanced AI payment systems.

The stablecoin component was implemented through a partnership with Coinbase, while the Ethereum Foundation provided technical guidance for the project. James Tromans, Google Cloud’s Web3 lead, explained that the protocol was designed to support both existing payment infrastructures and emerging features, including stablecoins.

Erik Reppel, engineer at Coinbase, stated that the exchange collaborated with Google to make their AI payment systems interoperable. “We’re all working to figure out how to make AI transmit value to each other,” he told Fortune.

The new system is based on Google’s Agent2Agent protocol, introduced last April, which provides a framework for AI agents to exchange information and interact more efficiently in the context of AI payments. The protocol was developed with support from over 50 technology partners, including PayPal, Salesforce, SAP, and consulting firms such as Deloitte, McKinsey, and PwC.

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