Coinbase Completes First Cryptocurrency Transaction Managed by AI Bot

by Giorgi Kostiuk

a year ago

A New Era of Cryptocurrency Transactions
Advantages of Using AI in Transactions
Challenges and Prospects

Coinbase recently made headlines by completing the first cryptocurrency transaction managed entirely by an AI bot.

A New Era of Cryptocurrency Transactions

According to the statement, although apayze brokers do not have access to traditional bank accounts, they can now access crypto wallets and make transactions using USDC on the Base network.

Advantages of Using AI in Transactions

Coinbase CEO Brian Armstrong highlighted the importance of this development and said: "AI bots can't have bank accounts, but they can have crypto wallets. They can now use USDC on the Base network to transact with humans, merchants, or other AIs."

AI bots can't have bank accounts, but they can have crypto wallets. They can now use USDC on the Base network to transact with humans, merchants, or other AIs.Brian Armstrong

Challenges and Prospects

Armstrong said that while technology is advancing, the inability of AI to perform operations is a major hurdle: "Today, if you give an AI agent a task and come back a few days or hours later, it can't do any useful work. That's partly a limitation of the technology itself, and products like devin.ai are coming close to solving that. But another reason is that AIs can't do the processing to get the resources they need."

Today, if you give an AI agent a task and come back a few days or hours later, it can't do any useful work. That's partly a limitation of the technology itself, and products like devin.ai are coming close to solving that. But another reason is that AIs can't do the processing to get the resources they need.Brian Armstrong

This marks a significant step forward in using AI for cryptocurrency transactions, opening up new possibilities for further technological advancements.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Shorting Bitcoin: A Strategic Hedge Against Volatility

Experienced traders are increasingly using shorting strategies as a temporary hedge against volatility spikes in the cryptocurrency market.

Diego Alvarez17 minutes ago

Effective Management Strategies for Short Positions in Crypto Trading

Professional traders use various strategies to manage short positions in crypto trading, including scaling out, monitoring funding rates, and having a failure plan to minimize risks and emotional pressure.

Kenji Takahashi17 minutes ago

MSTR's Bitcoin Accumulation Faces Investor Scrutiny

MSTR's aggressive Bitcoin accumulation strategy is facing increasing scrutiny as the company announced its latest purchase of 1,229 BTC at an average price of $88,568 per unit, increasing total holdings to 672,497 BTC. Despite this, MSTR's stock price fell nearly 50% in 2025, raising concerns about the sustainability of its strategy.