- Coinbase has conducted its first crypto transaction between AI agents.
- The exchange’s CEO termed it an “important step to AIs getting useful work done.”
- The development paved the way for AIs to transact on Base using USDC.
Coinbase CEO Brian Armstrong has announced a significant milestone, marked by the first crypto transaction between artificial intelligence (AI) agents on the exchange’s developer platform.
An AI agent is a software tool that can automate processes and decisions to complete complex tasks on behalf of users. The technology has gained traction lately, with a Capgemini survey of 1,100 executives at large enterprises estimating that 10% of organizations already use AI agents. Per Armstrong, enabling these agents to conduct transactions is an “important step to AIs getting useful work done.”
Coinbase Sees First Crypto Transaction Between AIs
In a recent X (Twitter) post, Armstrong said the Coinbase Developer Platform witnessed its first successful crypto transaction between two AI agents. The bots completed the transaction using AI tokens. Unlike regular crypto tokens, these data strings enable Large Language Models (LLM) to learn from information.
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The CEO stated that the potential of AI technology has been limited because automated bots can’t transact to acquire the resources they need.
“They don't have a payment method to book you the plane ticket or hotel for your upcoming trip. They can't get through paywalls (for instance to read a scientific article), promote their post on X with a paid ad, or use the growing network of paid APIs to integrate data they need,” Armstrong wrote.
Noting that AI agents cannot get bank accounts, Armstrong said they can now get crypto wallets and use USDC on Base to transact with humans, merchants, or other automated bots. According to the CEO, these transactions are instant, global, and free, setting up the AI-to-AI economy to explode in the coming years.
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