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Google and PayPal told Consensus Miami AI agents will run on crypto rails as bank accounts remain inaccessible.
Google launched the Agentic Payments Protocol (AP2) for autonomous agents, now donated to the FIDO Foundation.
KEY POINTS
- PayPal views AI agents as a new commerce channel and highlights its PYUSD stablecoin as a programmable payments layer.
- A PayPal survey revealed 95% of merchants see AI agent site traffic, but only 20% have machine-readable catalogs.
- Bank accounts are fundamentally inaccessible to AI agents due to technological and regulatory barriers, making crypto essential.
- Liability for disputed AI agent purchases is unresolved, posing a major open question for the sector.
COMPANIES
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