Binance, the world’s largest Bitcoin (BTC) and cryptocurrency exchange, announced that it is partnering with Google to develop technology that enables artificial intelligence (AI) agents to make payments using Binance Pay.
«We partnered with Google on our agent payments protocol. “This will enable AI agents to make payments securely and in real-time with Binance Pay,” Binance said.
An AI agent is a software system that uses artificial intelligence to accomplish goals and complete tasks on your behalf. These systems are capable of reasoning, planning, and memory retention, and have the autonomy to make decisions, learn, and adapt. in fact, AI agents work through algorithms Based on machine learning and deep learning.
As reported by CriptoNoticias, the collaboration is based on the Agent Payments Protocol (AP2), which Google launched in September. This is an open standard and Enables autonomous agent transactions between users and sellers. AP2 is already supported by over 60 companies in the finance, technology, and cryptocurrency sectors.
Google explained that one of the key challenges that AP2 seeks to solve is how to ensure that agents act with the user’s approval and how to verify the authenticity of orders. How to attribute responsibility in the event of error or fraud.
A partnership between Binance and a company similar in size to Google could be beneficial for the price of BNB, the exchange’s native cryptocurrency, in the medium to long term. Last week, BNB broke a price record of over $1,200.