MoonPay says it has made a big advance in the nascent field of using AI agents for consumer purchases. On Thursday, the payments company unveiled PayBox, a new wallet tool that users can plug into their Claude or ChatGPT screens, and that is capable of carrying out a wide variety of transactions that range from booking flights and restaurant reservations to shopping on Amazon. The tool will be live on July 28.
According to Neeraj Prasad, the Chief Engineer of MoonPay Labs, the new PayBox tool supplies a critical final tool when it comes to shopping with popular AI agents. Non-technical consumers, he says, have so far been able to instruct their agents to explore purchase options and fetch prices, but not pull the trigger and actually buy something.