Yahya 
The CEO of Coinbase Brian Armstrong has announced a significant turning point at the confluence of cryptocurrency and artificial intelligence (AI). Armstrong said in an X post Coinbase observed its first AI-to- AI crypto transaction, highlighting the growing integration of artificial intelligence into the crypto space on August 30.
Armstrong said that in this arrangement one artificial intelligence agent—probably a bot meant to do certain tasks—used cryptocurrency to interact with another AI agent and acquire AI tokens. These artificial intelligence tokens are data strings allowing computers to learn from experience. Armstrong said, “They used tokens to buy tokens,” highlighting the importance of artificial intelligence agents conducting such transactions.
Armstrong said that a big challenge for artificial intelligence agents has been lack of transaction capabilities. Simple tasks such planning trips or managing social media campaigns needing money transactions without a payment option challenge AI agents. Armstrong noted that while AI bots might have crypto wallets, they cannot open bank accounts. Underlining that these are immediate, globally, free transactions, he said, “they can now use USDC on Base to transact with humans, merchants, or other AIs.”
Armstrong has been advocating allowing AI bots to perform tasks on behalf of consumers so they may more fully engage in the economy. This development corresponds with Armstrong’s previous recommendations for big language models (LLMs), the technology behind artificial intelligence systems such OpenAI’s ChatGPT to be equipped with crypto wallets.
Artificial intelligence and cryptocurrencies are gaining pace as some firms provide infrastructure to enable AI-driven transactions. In August, Skyfire, a blockchain development startup, introduced a technology allowing AI agents to fund their own projects. In order to facilitate consumer on-chain transactions, Web3 infrastructure provider Biconomy is now bringing AI agents onboard.
A significant development towards more universal crypto economy use of artificial intelligence is this AI-managed transaction at Coinbase.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.