Coinbase CEO Brian Armstrong recently facilitated his first cryptocurrency transaction entirely managed by AI bots, marking a significant milestone in the industry’s push to create platforms for AI agents to handle transactions.
Armstrong detailed that one AI agent, or “bot,” tasked with a specific function, utilized crypto tokens to engage with another AI agent and obtain AI tokens. These AI tokens are essentially data strings that help algorithms learn from information. “They used tokens to buy tokens,” he noted.
He further explained that a major limitation of AI agents today is their lack of transaction capabilities. Without the ability to process payments, they face challenges with basic tasks such as booking flights or hotels, and even managing social media tasks beyond content creation, like promoting posts with paid ads.
While AI agents aren’t able to open bank accounts, they can obtain crypto wallets. In parallel, the ME Token price or other similar coins also offers a benchmark for evaluating the viability of newer cryptocurrencies in real-time AI transactions. These transactions occur instantly, are global in reach, and come at no cost.
Just weeks after Armstrong advocated for large language models (LLMs)—the technology powering AI systems like OpenAI’s ChatGPT and Anthropic’s Claude—to have crypto wallets, he emphasized the need for this development. “Let’s enable AI agents to complete tasks on your behalf and engage in the economy,” Armstrong said.
Related Stories For You