Skyfire, a blockchain development firm, has recently introduced a payment platform that allows artificial intelligence (AI) agents to autonomously manage and spend funds. Led by former Ripple VP Amir Sarhangi, the platform enables businesses to equip AI agents with pre-loaded wallets. The system converts funds into USD Coin (USDC) and manages the necessary conversions during transactions, facilitating autonomous payments.
AI agents, often referred to as “bots,” are designed to perform specific tasks such as monitoring inventories or tracking sale prices across multiple marketplaces. However, without the ability to execute payments, these agents remain limited in their functionality.
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Skyfire’s co-founder and chief product officer, Craig DeWitt, emphasized the importance of payment capabilities in a recent interview with TechCrunch, stating, “AI agents can’t do anything if they can’t make payments; it’s just a glorified search. Either we figure out a way where agents are actually able to do things, or they don’t do anything, and therefore, they’re not agents.”
The platform leverages stablecoins to interface directly with a user’s AI agent, allowing the agent to access various services. Users are responsible for building their AI agents and managing the funds within their wallets.
Recently, industry leaders, including Coinbase CEO Brian Armstrong, have advocated for integrating AI agents with cryptocurrency wallets. Armstrong suggests that this integration could enable AI agents to autonomously generate income, whether through trading or other services.
Currently, Skyfire’s platform focuses on supporting B2B transactions between AI agents, but the company is exploring additional services and use cases.
Cre: cointelegraph.
I’m Jessi Lee, currently living in Singapore. I am currently working as a trader for AZCoin company, with 5 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
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