Skyfire launches blockchain payment network that lets AI spend your money
The company is currently focused on B2B, but there are countless potential applications for consumers.
Blockchain development firm Skyfire recently launched a payment platform that allows artificial intelligence agents to spend money autonomously.
Helmed by former Ripple VP of products and services Amir Sarhangi, the company’s platform makes it possible for a business to give a pre-loaded wallet to an AI agent. The company’s protocol converts the cash into USD Coin (USDC). When the agent’s task involves payment, the platform handles the conversions, thus enabling autonomous payment agents.
An AI agent is, for lack of a better term, a “bot” that’s designed to carry out a certain task. Examples include AI agents that monitor inventories across multiple sites in order to autonomously generate orders, or bot that monitors sale prices across multiple online marketplaces.
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Author: Tristan Greene
