On August 30, Coinbase CEO Brian Armstrong revealed the first cryptocurrency transaction fully managed by artificial intelligence bots, following several attempts by the industry to develop platforms for AI agents to carry out transactions.

“This week at CoinbaseDev we witnessed our first AI to AI crypto transaction,” he wrote in his account at X.

As Armstrong explained, one AI agent – a ‘bot’ designed to perform a specific task – used crypto tokens to interact with another AI agent and receive AI tokens. In addition, he noted that the main reason for the inefficiency of AI agents is that they lack transactional capabilities. Without a payment method, it is difficult for them to perform basic tasks, such as booking plane tickets or hotels, and even manage social media tasks, not to mention simple content creation, such as promoting posts with paid advertising.

“AI agents cannot get bank accounts, but they can get crypto wallets. They can now use USDC on Base to transact with humans, merchants, or other AIs. Those transactions are instant, global, and free,” he added.

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