As artificial intelligence continues to evolve, analysts at Bernstein emphasize that integrating cryptocurrency micropayments is crucial to avoid financial limitations in the AI sector.
Current financial systems, reliant on regional networks and traditional payment methods, face significant challenges accommodating AI.
Traditional banking and credit systems require identity verification, which AI lacks, complicating its integration into these frameworks.
Bernstein’s Gautam Chhugani argues that the real obstacle is the inability of traditional finance to handle small, frictionless payments efficiently.
AI systems could need to make numerous tiny transactions, such as for data or content streaming, but the high costs of traditional payment systems make this impractical.
Cryptocurrency offers a solution by enabling low-cost, instant transactions suitable for AI needs. With crypto wallets and advanced technologies like zero-knowledge proofs and blockchain scaling, it’s possible to support AI’s micropayment requirements effectively.
On September 18, during an interview at Token2049, Alex Svanevik, CEO of blockchain analytics firm Nansen, shared his insights on the potential impact of the 2024 U.S. presidential election on the cryptocurrency landscape.
Donald Trump and his sons launched their DeFi project, World Liberty Financial (WLFI), during a lengthy X Spaces session on Monday, but the event fell short of expectations.
The Swiss Stock Exchange, SIX, is setting its sights on the digital asset market by establishing a foothold in Europe for cryptocurrency trading.
Cryptocurrency exchange Bitget and Foresight Ventures have announced a significant $30 million investment in The Open Network (TON) blockchain.