Coinbase CEO Brian Armstrong sees the transaction as an “important step to AIs getting useful work done.”

Coinbase CEO Brian Armstrong recently oversaw his first crypto transaction completely managed by artificial intelligence bots, following several industry efforts to develop platforms for AI agents to execute transactions.

“This week at @CoinbaseDev we witnessed our first AI to AI crypto transaction,” Coinbase CEO Brian Armstrong wrote in an Aug. 30 X post.

Armstrong says AI agent ‘used tokens to buy tokens’
Armstrong explained that one AI agent — basically a “bot” designed to carry out a certain task — used crypto tokens to interact with another AI agent and acquire AI tokens. These AI tokens are essentially strings of data that enable algorithms to learn from information.

“They used tokens to buy tokens,” Armstrong reiterated.

He further explained that a key reason AI agents aren’t effective right now is their lack of transaction capabilities. Without a payment method, they struggle with basic tasks like booking plane tickets or hotels, and even managing social media tasks beyond just creating content, such as promoting posts with paid ads.

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans
• Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

“AI agents cannot get bank accounts, but they can get crypto wallets. They can now use USDC on Base to transact with humans, merchants, or other AIs. Those transactions are instant, global, and free,” Armstrong added.

It comes only weeks after Armstrong called for large language models (LLMs) — the technology behind AI systems such as OpenAI’s ChatGPT and Anthropic’s Claude — to have crypto wallets. “Let’s help AI agents get work done (on your behalf) and participate in the economy,” Armstrong stated.

Recent developments for AI agents executing transactions
It follows the rollout of new platforms by various crypto firms, designed to give AI agents the ability to execute transactions.

In August, Blockchain development firm Skyfire recently launched a payment platform that allows AI agents to spend money autonomously.

Related: Coinbase CEO Brian Armstrong: AI ‘should have crypto wallets’

Meanwhile, on June 11, Cointelegraph reported Web3 infrastructure firm Biconomy is onboarding AI agents to enable on-chain transactions on behalf of users.

Biconomy co-founder Aniket Jindal explained to Cointelegraph that the Delegated Authorization Network (DAN) is “relatively new” and serves as an authorization layer that allows the delegation of trading activities to AI agents.