In the area of the intersection of artificial intelligence and financial technology, Google is making a move by offering its own open-source payment protocol. The main goal is to simplify transactions between independent AI agents working on behalf of users. This is an attempt to create a reliable and universal standard for financial communication between algorithms in the future.
To realize this vision, Google has assembled a large group that includes more than 60 organizations from different fields. Among the partners there are trusted financial companies, such as American Express, and key figures from the world of cryptocurrencies, such as the Coinbase exchange and the developers of the Ethereum Foundation.
Google emphasizes that security and compliance of operations with the user's wishes are the main thing if their goal is for the technology to become popular.
The protocol was developed from scratch, building on previous Google developments aimed at unifying communication between AI agents. This was discussed by James Tromans, head of Web3 at Google Cloud. Large IT giants are showing interest in stablecoins for a reason (Fortune wrote about this in the summer), because they allow you to reduce costs and simplify international transfers. And this, in turn, fits perfectly into the concept of autonomous operations.
Google's new payment protocol is not just another feature, but the foundation for a future economy where everything will be controlled by AI. By developing an open standard with the support of leading participants in the market of traditional finance and cryptocurrencies, Google aims to become the main one in the future, where everyday financial tasks will be solved using AI.