Agentic commerce will run on crypto rails, PayPal and Google reps tell Consensus Miami
CoinDesk
PayPal and Google Cloud executives argue that crypto infrastructure is essential for the future of AI-driven autonomous commerce.Summary
At the Consensus Miami conference, leaders from Google Cloud and PayPal explained that autonomous AI agents require crypto-based payment rails because they cannot access traditional bank accounts. Richard Widmann of Google Cloud highlighted the necessity of open standards like the Agentic Payments Protocol (AP2) to facilitate machine-readable transactions. Meanwhile, May Zabaneh of PayPal emphasized that their PYUSD stablecoin provides a programmable layer for this emerging market. Both speakers agreed that industry-wide collaboration on multi-party custody and machine-readable merchant catalogs is crucial to overcoming regulatory and security hurdles as agent-based commerce scales.
(Source：CoinDesk)