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Google Cloud and PayPal Launch AP2 Protocol with 120+ Partners; Execs Say AI Agents Will Run on Crypto Payment Rails

GateNews
Partnerships & EcosystemAI AgentAI Industry News
PYUSD-0.01%

According to CoinDesk, Google Cloud and PayPal executives said at Consensus today that AI agents will operate on crypto payment rails due to structural limitations preventing them from accessing traditional bank accounts. Google Cloud’s Web3 strategy lead Richard Widmann stated that crypto payment rails provide an “excellent machine-readable payment interface.” Google has launched the Agentic Payments Protocol (AP2), which has attracted over 120 partners including PayPal, and donated it to the FIDO Foundation. PayPal’s stablecoin PYUSD serves as a “naturally programmable payment layer,” according to PayPal’s senior vice president of crypto May Zabaneh.

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