Google launches protocol for AI transactions in cryptocurrencies

Google has launched a new open source protocol that allows AI applications to send and receive payments in stablecoins. According to the company’s press release, Google has teamed up with Coinbase to integrate stablecoins.

The partnership is based on the technology similar to the x402 tool recently presented by Coinbase, which enables stablecoin payments via standard Internet protocols and paves the way for autonomous transactions that can be performed by AI agents.

In addition to Coinbase, Google has engaged the Ethereum Foundation and more than 60 other organizations, including Salesforce, American Express, and Etsy. This cooperation aims to cover both decentralized solutions and traditional financial services.

The new protocol is a continuation of Google’s initiative to create standards for agent interaction: in April, the company presented a solution to unify communication between AI systems. Now, this system has been extended to financial transactions with a focus on security, compatibility, and execution of actions in accordance with user intentions.

The market development context is also complemented by other initiatives: in May, Tether CEO Paolo Ardoino announced Tether AI, a personal artificial intelligence that supports USDT and BTC payments. This shows that the world of AI and cryptocurrency solutions in finance are actively converging.