Google is working with Coinbase, Metamk and the Ethereum Foundation in AP2.
The system will allow purchases with and without human intervention (deferred).
Google is closing its expansion on the field of Bitcoin and cryptocurrencies. We reported in cryptootics that, on Tuesday, September 16, the technological giant presented a system of payments that works with artificial intelligence and includes support for stablocoins and cryptoactive. This paying rail, called agent Payments Protocol (AP2), is raised as an agnostic system for users, merchants and suppliers, giving them the possibility of making transactions with different payment methods.
This initiative is part of a larger corporate philosophy that seeks the application of artificial intelligence to different orders of life. The company considers that the use of agents To delegate or facilitate the online shopping process, it represents a technical advance in world trade.
Of according to Googlethe need to create a protocol to regulate the behavior of financial regional agents was unavoidable.
AI agents are capable of making transactions on behalf of users, which creates the need to establish a common basis to authenticate, validate and safely transmit the authority of an agent to make transactions. While current payment systems generally assume that a human is directly clicking on “buying” on a reliable surface, the increase in autonomous agents and their ability to initiate a payment break this fundamental assumption and raise critical questions that AP2 helps address.
Google Cloud, cloud services platform.
Together with Google, the cryptocurrency ecosystem has seen a quick inclination to create automated agents systems to make purchases with digital money.
This is due to the application of advances in artificial intelligence in new orders of life, with the justification that this lightens the daily tasks of individuals.
How does Google AP2 work?
These mandates would facilitate the online shopping process, both those made in real time (with human presence) and delegated purchases, according to Google.
Agent Payments Protocol will allow to execute actions such as the search for products through a generative language interface. Users may intuit Prompts as: “Look for new white running shoes”so that your application is captured and executed by an AI agent.
«[El mandato] It provides the auditable context for the entire interaction in a transaction process. After the agent presents a cart with the shoes he wants, his approval signs a cart of a cart. This is a critical step that creates a safe and immutable record of exact items and the price, ensuring that what you see is what you pay, ”says Google Cloud blog post.
Delegated purchases, meanwhile, will allow the same, but deferred, without direct human intervention.
When you delegate a task such as: ‘Buy tickets for concerts at the time they go on sale,’ sign a mandate of intention detailed in advance. This mandate specifies the compromise rules: prices limits, deadlines and other conditions. It serves as a verifiable and pre -authorized test that can allow the agent to automatically generate a cart mandate in its name once the precise conditions are met.
Google Cloud, cloud service provider.
What kind of mandates can be executed with Google AP2 to buy?
According to Google Cloud, agents would be able to receive and execute instructions like these: “I really want this jacket in green and I am willing to pay up to 20% more for it.”
Users can also execute instructions for personalized purchases, where their personal agent interacts with the agent of a merchant.
For example, a buyer tells his commercial agent that he wants a new bicycle before his next trip. With the date available, the agent would be able to produce personalized offers and purchases respecting the temporary sensitivity of the human.
These agents could also execute purchases that coordinate complete instructions simultaneously, such as this: “Reserve me a round trip and a hotel in Palm Springs for the first weekend of November, with a total budget of USD 700”.
In addition to traditional payment companies such as American Express, Mastercard, Paypal and Neobancos such as Payoneer and Revolution, companies and organizations originating in the Bitcoin ecosystem and cryptocurrencies will also contribute to the payment system with agents fed by artificial intelligence.
This is the case of Coinbase, Ethereum Foundation, LighttsPark, Mysten Labs and MetamSk. This means that, possibly, AP2 is integrated with Exchanges, the Ethereum Network, other cryptocurrency networks such as sui, agnostic wallets and even with Bitcoin, through the light network.
In turn, this protocol will allow paying with debit and credit cards, stablecoins and bank transfers in real time.