• 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

Ethereum Foundation Announces New Mandate Amid Internal Challenges

chest

Aya Miyaguchi, President of the Ethereum Foundation, announces a new mandate aimed at creating a smaller, more focused structure to address internal challenges and preserve Ethereum's unique value.

user avatarAndrew Smith

Strive's SATA Stock IPO Marks a Milestone in Bitcoin Financing

chest

Strive has launched the Variable Rate Series A Perpetual Preferred Stock, marking a significant milestone in Bitcoin financing.

user avatarJacob Williams

Strive Plans Major Expansion of Capital-Raising Capacity

chest

Strive is set to expand its capital-raising capacity by $42 billion to fund additional Bitcoin purchases.

user avatarZainab Kamara

Three Cryptocurrencies Reach New All-Time Highs

chest

Three cryptocurrencies—Hyperliquid (HYPE), Humanity (H), and LAB—have achieved new all-time highs despite the overall market crash.

user avatarSon Min-ho

MoneyGram Launches MGUSD, Its Own US Dollar Stablecoin

chest

MoneyGram has introduced MGUSD, a native US dollar stablecoin, marking a significant shift in its digital currency strategy.

user avatarAyman Ben Youssef

Robinhood Expands into Canada with WonderFi Acquisition

chest

Robinhood Markets has officially entered the Canadian market by acquiring WonderFi, enhancing its customer base and surpassing 1 million international funded customers.

user avatarTando Nkube

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.