• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Coinbase Completes First Cryptocurrency Transaction Managed by AI Bot

user avatar

by Giorgi Kostiuk

2 years ago

  1. A New Era of Cryptocurrency Transactions
  2. Advantages of Using AI in Transactions
  3. Challenges and Prospects


    4. 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Morgan Stanley Boosts Apple Stock Rating

chest

Morgan Stanley has reiterated its buy rating on Apple stock, raising the price target to $364.

user avatarKofi Adjeman

Apple Achieves Historic $5 Trillion Market Cap

chest

Apple Inc. has made history by surpassing a market capitalization of $5 trillion for the first time, overtaking AI giant Nvidia.

user avatarSatoshi Nakamura

Apple to Launch New Smart Home Products

chest

Apple is set to launch a Siri AI-powered home hub alongside refreshed Apple TV and HomePod mini, challenging Amazon's Echo and Google's Nest.

user avatarNguyen Van Long

SK Hynix Stock Falls Below IPO Price Amid Sector Downturn

chest

SK Hynix's stock has dropped below its IPO price amid a downturn in the semiconductor sector, presenting a potential buying opportunity.

user avatarJesper Sørensen

SparkKitty Malware Campaign Exposed by Check Point

chest

A report from Check Point reveals the SparkKitty malware campaign targeting cryptocurrency users by scanning photos on infected devices for sensitive information.

user avatarRajesh Kumar

Shiba Inu Token Experiences Remarkable 22% Surge

chest

Shiba Inu has experienced a significant price increase of nearly 22% in just one week, marking a notable change after a long period of stagnation.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.