Reported about 6 hours ago
Google has introduced its Agent Payments Protocol (AP2), which aims to create a payment-agnostic framework for AI-driven transactions. Collaborating with over 60 payment and technology firms, including major players like Mastercard and PayPal, AP2 supports various payment methods such as credit cards and stablecoins. The protocol establishes guidelines for the authorization and accountability of AI agents making payments on behalf of users, addressing the challenge of verifying the agents' identity and intent to enhance user experience and trust in automated payments. This initiative is seen as crucial for integrating AI into the financial ecosystem.
Source: YAHOO