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Google Unveils AI Platform Supporting Stablecoins, Partners With Coinbase
Google Launches AI Platform Supporting Stablecoin Payments
- Google unveiled an open-source AI platform enabling stablecoin payments along with traditional credit and debit card methods.
- The platform aims to streamline AI application transactions, enhancing speed and flexibility.
Collaboration with Coinbase
- Google partnered with Coinbase for stablecoin integration, leveraging their AI and crypto payment systems.
- Coinbase CEO Brian Armstrong emphasized aggressive AI implementation in company operations.
- Google also collaborates with the Ethereum Foundation and over 60 other organizations for compatibility and transaction security.
AI-Driven Autonomous Transactions
- Google will use AI agents for seamless autonomous transactions between AI applications.
- The new agent-to-agent payments protocol builds on a framework launched in April for standardized AI communication.
James Tromans, head of Web3 at Google Cloud, highlighted the system's design to incorporate both existing and forthcoming payment capabilities, including stablecoins.
Blockchain and Crypto Integration
- Google is actively exploring blockchain and crypto, introducing its own Layer-1 blockchain, Google Cloud Universal Ledger (GCUL).
- The GCUL aims to streamline digital payments and is currently in a private testnet phase, with public release planned soon.