Google Launches Open-Source Payment Protocol for AI with Stablecoin Support
Google has released an open-source payment protocol designed for AI applications. This new system allows AI apps to send and receive payments using stablecoins. It supports both traditional payment methods like credit cards and digital assets tied to the US Dollar.
Partnership with Coinbase and Ethereum Foundation
Google worked with Coinbase, the Ethereum Foundation, and other crypto companies to add stablecoin support to the protocol. Over 60 companies, including Salesforce, American Express, and Etsy, helped develop different parts of the system.
James Tromans, Head of Web3 at Google Cloud, said the protocol was built to handle both existing payment methods and new options like stablecoins.
Stablecoins Gain More Acceptance in Tech
Erik Reppel, Head of Engineering at Coinbase’s developer platform, said the collaboration aims to let AI systems transfer value smoothly. He added, “We’re all working to figure out how we can make AI transmit value to each other.”
This move comes as stablecoin use grows, especially after the US passed the GENIUS Act in July. The law regulates stablecoins and their issuers. The US Securities and Exchange Commission (SEC) also clarified that fully backed stablecoins usually do not count as securities.
Google is among the first major tech companies to adopt stablecoins in this way. Meanwhile, companies like Apple and Meta remain cautious about crypto integration.
