Google launches stablecoin payment protocol
Google launched on Tuesday, September 16, a payment system that works with artificial intelligence and includes support for stablecoins. Google is working on this protocol together with companies such as Coinbase, Salesforce, and American Express, a US media outlet reported.
According to the media, Google created this new scheme “to make it easier for different AI applications to send and receive money.”
The platform is thus a payment model based on automated agents whose basis is similar to projects such as Tether’s WDK, where an AI agent manages cryptocurrency wallet balances.
“The way we built it is from the ground up to account for both legacy and existing payment rail capabilities, as well as future capabilities, such as stablecoins,” James Tromans, head of Web3 at Google Cloud, told the American outlet.
In April, Google for Developers created an A2A (agent-to-agent) protocol to facilitate interoperability between automated “individuals” across different systems.
AI agents offer a unique opportunity to help people be more productive by autonomously handling many daily, recurring, or complex tasks. Today, companies are increasingly building and deploying autonomous agents to help scale, automate, and improve processes across the workplace, from ordering new laptops to assisting customer service representatives to assisting supply chain planning.
Google, a technology company.
The tech company is expected to employ this A2A model in its new payments scheme for stablecoin agents.
As per reports, Google created a generative language model (LLM) capable of interacting with cryptocurrency networks and block explorers.
The creation of this new stablecoin payment rail highlights Google’s intention to bet more on cryptocurrencies and its industry.
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