• 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

New Report Compiled Using SEC Data

chest

The report is based on information sourced from the SEC, providing accurate financial insights to stakeholders.

user avatarEmily Carter

FCA Unveils Landmark Crypto Regulation in the UK

chest

The Financial Conduct Authority (FCA) has published landmark rules for crypto firms in the UK, requiring them to obtain authorization and meet specific standards to enhance consumer protection and market integrity.

user avatarTomas Novak

Ornith10: Tailored for Agentic Coding, Not General AI

chest

Ornith10 is specifically designed for agentic coding tasks, making it unsuitable for general-purpose AI applications.

user avatarKaterina Papadopoulou

DeepReinforce Unveils Ornith10: A Breakthrough in Open Source Coding Models

chest

DeepReinforce has launched Ornith10, a family of open-source coding models available in four sizes, optimized for agentic coding tasks.

user avatarMaya Lundqvist

New Report on Market and Onchain Data Released

chest

A report based on publicly available market and onchain data has been published. This report aims to provide insights into current market trends and dynamics.

user avatarLeo van der Veen

Cryip Emphasizes Commitment to Quality Reporting

chest

Cryip has published a report that emphasizes its strict editorial policy focusing on accuracy, relevance, and impartiality.

user avatarLi Weicheng

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.