Google on Tuesday released a new payments scheme to make it easier for different AI apps to send and receive money. The open-source protocol not only includes support for more traditional forms of payments like credit and debit cards but also stablecoins, or cryptocurrencies pegged to underlying assets like the U.S. dollar.
To add compatibility with stablecoins, Google worked with the crypto exchange Coinbase, which has built its own AI and crypto payments scheme. It also collaborated with other crypto companies, including the Ethereum Foundation. For other elements of the new payment protocol, Google conferred with more than 60 other organizations including Salesforce, American Express, and Etsy.
