Crypto Payments Go Autonomous As AI Agents Execute 176M Transactions
The entire machine-payment ecosystem now runs almost entirely on a single stablecoin. More than 98% of all settlements made by AI agents in the past year were processed in Circle’s USDC, according to a new report from crypto investment firm Keyrock — a concentration that researchers say carries risks the industry has largely ignored. Related […]
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Fetch believes regulatory compliance is necessary to bring real world usage to the sector. Fetch.ai, a project building a network of autonomous agents for blockchains, has announced a partnership with Yoti, a digital identity provider. Blockchains, and DeFi smart contracts in particular, often require manual interactions to trigger specific events. These could be contract calls, particular exchange transactions, publishing oracle data and many more. While these actions are often permissionless or done by the developers of the smart contract, there may be circumstances where nobody is able....
As major tech firms from traditional finance focus on building closed artificial intelligence (AI) systems, the BNB Chain is now releasing production-ready “skills” designed specifically for autonomous AI agents, enabling them to operate directly on blockchain infrastructure rather than through centralized intermediaries. These newly deployed capabilities allow AI agents to access live on-chain data, execute real transactions, manage wallets independently, and establish permanent on-chain identities using the ERC-8004 standard, or “Trustless Agents.” BNB Chain Advances Agent Economy With....
“The fundamental goal of this collaboration is to enable granular control over data and to reduce the reliance on centralized systems that take advantage of data,” said Humayun Sheikh, CEO of Fetch.ai. Artificial intelligence research lab Fetch.ai has partnered with blockchain network Iota to enable a “controlled data sharing environment” for connected devices, setting the stage for a broad leap in Internet of Things (IoT) capabilities.The partnership, which was announced Wednesday, will allow sectors such as mobility, supply chain logistics, finance, healthcare, energy and others to....
The IRS is hiring 87,000 agents, thanks to President Joe Biden’s 2021 infrastructure package, but they won’t be fully trained for three years. The Internal Revenue Service is hiring 87,000 new agents, but taxpayers will not feel the pain for another two to three years. That’s how long it will take the agency to hire and train agents. Few have discussed the extent of this pain. Still, it’s something to think about when you consider the majority of coming audits will be conducted by new agents, many of whom will have been hastily hired and operating with minimal supervision.Playing the audit....
The well-known global financial messaging service, SWIFT, is set to test the Central Bank of Digital Currency (CBDC) by interlinking several CBDC networks in order to execute cross-border payments. Besides currently linking financial institutions worldwide to communicate and execute financial payments, the Belgium-based network has approached consulting firm Capgemini and French information technology services to […]