In a recent CNBC interview, John D’Agostino, Coinbase’s head of institutional strategy, emphasized the necessity for AI agents to utilize blockchain for efficient transactions. He likened the mismatch of AI and traditional financial systems to streaming movies on dial-up modems, highlighting the slow pace of traditional banking versus the need for instantaneous AI operations. D’Agostino argued that blockchain offers an “infinitely scalable source of truth,” essential for AI efficiency and reliability. Coinbase is actively developing tools for AI, such as the “Based Agent” platform for creating crypto wallet-enabled AI agents. In partnership with Google, they launched the Agent Payments Protocol, enabling AI assistants to make transactions using both traditional and stablecoin methods. The growing AI agent economy is projected to surpass one million agents by 2025, with significant financial institutions exploring this evolving landscape. The combination of AI and cryptocurrency heralds a transformative shift in financial operations, indicating a promising future for blockchain technology.
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