Google launches AI payment protocol supporting stablecoins, with partners including Coinbase and Salesforce

According to a recent report from Fortune magazine, Google recently launched an innovative payment protocol solution designed to provide a more efficient and flexible capital flow mechanism for various artificial intelligence (AI) applications.

This open-source protocol strives to break down traditional payment barriers. It is not only compatible with mainstream payment methods such as credit and debit cards, but also proactively introduces stablecoins—cryptocurrencies pegged to fiat currencies such as the US dollar—to enhance cross-border payments and capital liquidity in the digital ecosystem.

To achieve seamless support for stablecoins, Google is actively expanding its partnerships with key companies in the crypto space, including a strategic collaboration with the renowned crypto exchange Coinbase.

Coinbase itself has also made numerous investments in AI and crypto payment integration solutions, and this collaboration is expected to further promote the integration of resources and technologies.

In addition, Google has joined forces with several leading blockchain organizations, including the Ethereum Foundation, to jointly build a more secure and open payment infrastructure.

The construction of the protocol also draws on extensive expertise from both traditional finance and technology. Google has already engaged in multiple rounds of communication and collaboration with over 60 companies and organizations, including representatives from various industries like Salesforce, American Express, and the e-commerce platform Etsy, in an effort to build a broad and responsive payment ecosystem.

James Tromans, head of Google Cloud's Web3 business, emphasized, "We designed the architecture of this protocol from scratch, ensuring full compatibility with existing traditional payment systems and a consistent user experience, while also leaving ample room for the development of new payment features like stablecoins."

This statement demonstrates Google's far-reaching commitment to integrating traditional finance with crypto payments, aiming to promote deeper integration of AI applications in economic activities.