News linked to both this project and an event.
Odaily News Executives from PayPal and Google Cloud stated that in the future, commerce driven by AI Agents will operate on crypto payment rails, as AI Agents cannot use traditional bank accounts like humans.Richard Widmann, Head of Web3 Strategy at Google Cloud, stated that AI Agents are unable to open bank accounts from both a technical and regulatory standpoint, while cryptocurrencies offer an "excellent machine-readable payment interface." He revealed that Google has launched the open-source Agentic Payments Protocol (AP2) and donated it to the FIDO Foundation, with over 120 partners, including PayPal, already joining.May Zabaneh, Senior Vice President of Crypto at PayPal, indicated that the company views AI Agents as the next generation of commerce entry point following offline, online, and mobile payments. She noted that PYUSD, as PayPal's stablecoin, provides a naturally programmable payment layer for AI-native payments and global transactions.A PayPal survey shows that 95% of merchant websites currently see traffic from AI Agents, but only about 20% of merchants have machine-readable product catalogs. Zabaneh believes that merchants need to adapt to the AI Agent era as quickly as possible, or they will miss out on the next wave of commercial infrastructure upgrades.Additionally, the two also discussed the security and responsibility issues of AI Agents. Widmann stated that multi-party custody will become an important solution for Agent fund management. AI Agents should not have full control over private keys but should only hold a portion of the key fragments to reduce financial risk. (CoinDesk)
According to Bitcoin Magazine, David Marcus, former PayPal president and CEO of Lightspark, announced the launch of a new Bitcoin wallet that supports AI agents for purchasing BTC and sending/receiving funds.
According to Protos, adult website Pornhub has stopped using Tether (USDT) for creator payout settlements and has switched to Circle-issued USDC. In an email sent to creators, Pornhub stated that this switch aims to make payout disbursements “more reliable” and emphasized that USDC is a fully reserved, compliant stablecoin adhering to the EU’s MiCA regulatory framework. Pornhub initially adopted USDT in 2020 after PayPal announced it would sever ties with the platform, leveraging TronLink—the crypto wallet owned by Justin Sun—to build its payment infrastructure. Following this latest switch, the aforementioned partnership has also been removed from Pornhub’s creator page.
According to an official announcement, BitMart will list USD.AI (CHIP) at 21:00 (UTC+8) on April 21. The trading pair CHIP/USDT will be available.USD.AI is a permissionless lending protocol providing financing for the AI infrastructure industry. The protocol allows GPU operators to tokenize and collateralize their hardware equipment for quick access to capital. It employs a dual-token model: USDai (a stablecoin over-collateralized by PayPal's PYUSD) and sUSDai (an interest-bearing token with a target annual yield of 10-15%, with returns sourced from GPU-backed loans). CHIP is the governance token, allowing holders to vote on protocol parameters, administrator approvals, and USD.AI Improvement Proposals (UIPs).