Blockchain Company Launches Platform for Autonomous AI Payments Using Stablecoins

Blockchain innovation company Skyfire has unveiled a new payment platform that enables artificial intelligence (AI) agents to make financial transactions autonomously.

Led by former Ripple executive Amir Sarhangi, Skyfire’s platform allows businesses to assign pre-loaded wallets to AI agents, converting funds into USD Coin (USDC). The system manages currency conversions, facilitating autonomous payments by AI.

AI agents, or bots, are designed to perform specific tasks such as managing inventories or tracking prices across online platforms. However, without the ability to handle payments, these bots remain limited in functionality. Skyfire’s platform addresses this gap, allowing AI agents to perform end-to-end tasks with financial autonomy.

Craig DeWitt, co-founder and chief product officer of Skyfire, emphasized the importance of payment capabilities for AI agents, stating, “AI agents are essentially useless without the ability to make payments; they become nothing more than advanced search tools.”

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Skyfire’s system integrates stablecoins, enabling AI agents to interact with various services and manage funds directly. The platform is currently focused on facilitating B2B transactions between AI agents, but Skyfire is exploring additional applications and services.

Notably, advocates in the cryptocurrency and fintech sectors, including Coinbase CEO Brian Armstrong, have supported the idea of combining AI agents with cryptocurrency wallets, which could enable agents to perform financial tasks or generate income independently.

Alexander Stefanov