Mastercard launches AI payment protocol “Agent Pay for AI”, where AI agents can directly pay each other

According to Twitter, Mastercard (Mastercard) announced the launch of a new payment agreement called Agent Pay for AI, which aims to make it easier for AI agents (AI agents) to make small payments to each other, such as paying as needed when accessing website data. Mastercard's chief product officer Jorn Lambert said the project will not be a major source of revenue in the short term, but it is expected to become a new expandable market over the next five years. He also predicted that AI chatbots will eventually play an important role in e-commerce transactions and may spawn a payment ecosystem between bots.

According to reports, the agreement records that humans grant operation permissions to AI agents through blockchain to ensure that agents execute according to instructions. Initially, Mastercard chose to store this permission information on the Ethereum-based Polygon network. Other companies involved in developing the agreement include fintech company Adyen, crypto exchange Coinbase, and web hosting giant Cloudflare.