Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
MoonPay Agents is a non-custodial, permissionless financial infrastructure for AI agents that move money.
Moon (Alois Grundner/Pixabay)
What to know:
- MoonPay Agents, the name of the new service, necessitates that a user verifies and funds their agent’s wallet.
- The AI agent can subsequently take control, engaging in trading, swapping, and moving funds independently.
Cryptocurrency payment provider MoonPay has launched a non-custodial financial layer that permits AI agents to access wallets, funds, and the capability to transact independently, as stated by the company on Tuesday.
Related Posts
MoonPay Agents, the designation for the new service, requires users to verify and fund their agent’s wallet using MoonPay, after which the agent can fully manage trading, swapping, and fund movement autonomously.
STORY CONTINUES BELOWDon’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersSign me up
While AI agents are prepared to trade, allocate capital, and implement strategies, they are limited by their inability to engage in the economy without access to funds, Moonpay noted in an emailed press release. The purpose of MoonPay Agents is to enable that financial layer, from funding to execution to converting back to fiat.
The AI service produces a MoonPay link to fund a wallet, allowing the user to complete a one-time KYC and connect a payment method through MoonPay’s checkout, enabling the agent to transact independently.
"AI agents have reasoning abilities, but they cannot act economically without capital infrastructure," said Ivan Soto-Wright, CEO and Founder of MoonPay. "MoonPay serves as the bridge between AI and finances. The fastest method of transferring money is through crypto, and we have developed the infrastructure that enables agents to accomplish this: non-custodial, permissionless, and ready for immediate use."
