Coinbase Facilitates First AI-to-AI Cryptocurrency Transaction

One AI agent purchased AI tokens from another using digital assets, according to Brian Armstrong, CEO of the cryptocurrency exchange Coinbase.

https://t.co/0rn55uLf3n

— Brian Armstrong (@brian_armstrong) August 30, 2024

“What did one AI buy from another? Tokens! Not crypto tokens, but AI tokens. They used tokens to buy tokens,” the publication states.

Armstrong emphasized that while AI agents cannot open bank accounts, they do have access to cryptocurrency wallets for transactions with humans, vendors, and other AIs.

“This is an important step towards AI performing useful work. […] AIs cannot transact to obtain the resources they need. They don’t have credit cards to use AWS, Github, or Vercel. They have no means of payment to book you a flight or hotel,” he wrote.

Earlier, Coinbase developed and launched a machine learning model that predicts traffic spikes and automatically scales databases to prevent downtime and enhance platform performance.