Coinbase has launched Payments MCP, an innovative on-chain payment framework designed to empower AI agents in performing transactions using stablecoins autonomously. Underpinned by the open-source x402 protocol, Payments MCP enables large language models (LLMs) like ChatGPT to access digital wallets, process payments, and manage onramps without developer API keys. This breakthrough, termed “agentic commerce,” allows AI to conduct buying and selling within automated workflows, enhancing programmability in crypto. The system prioritizes user privacy and regulatory compliance, featuring local transaction processing and customizable spending controls. Developers can easily create AI agent wallets using just an email, avoiding complex APIs. With Coinbase’s commitment to maintaining compliance during fund transfers, this advancement signifies a significant evolution towards programmable money, enabling seamless, secure transactions in the ever-expanding crypto landscape. Coinbase collaborates with Cloudflare on the x402 Foundation to ensure a neutral, developer-friendly ecosystem for broader adoption.
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