Coinbase CEO Brian Armstrong Announces First AI-to-AI Crypto Transaction
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Coinbase CEO Brian Armstrong has announced the successful completion of the first cryptocurrency transaction managed entirely by artificial intelligence (AI).
In a recent post on X, the crypto boss shared that AI bots executed the transaction without human intervention.
The transaction involved one AI agent, essentially a bot designed to perform specific tasks, using cryptocurrency tokens to interact with another AI agent.
The goal of the AI-to-AI transaction was to acquire AI tokens—data strings that allow algorithms to learn from and adapt to new information.
“They used tokens to buy tokens,” Armstrong wrote.
Armstrong pointed out that one of the major hurdles for AI agents today is their inability to conduct transactions.
Without the capability to make payments, these AI systems struggle with routine tasks like booking travel arrangements or managing social media activities beyond content creation.
“AI agents cannot get bank accounts, but they can get crypto wallets,” Armstrong noted, adding that these AI-driven transactions on Coinbase’s Base platform are instant, global, and free of charge.
“This is an important step to AIs getting useful work done. Today if you give an AI agent a task and come back in a few days or hours, it can’t get useful work done.”
https://t.co/0rn55uLf3n
The development is part of a broader trend within the crypto industry to empower AI agents with transactional capabilities.
Earlier this month, Skyfire, a blockchain development firm, launched a payment platform allowing AI agents to autonomously
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