Tech giant Google is rolling out a new payments app that combines the power of artificial intelligence (AI) with stablecoins.
According to a new Google press release, Agent Payments Protocol (AP2) is a collaboration between Google, American Express, Coinbase, Salesforce, Etsy, Intuit, Mastercard, PayPal and more.
According to Erik Reppel, Head of Engineering at Coinbase Developer Platform,
“x402 and AP2 show that agent-to-agent payments aren’t just an experiment anymore, they’re becoming part of how developers actually build. Bringing x402 into AP2 to power stablecoin payments made sense – it’s a natural playground for agents to start transacting with each other and testing out crypto rails. And it’s exciting to see the idea of agents paying each other resonate with the broader AI community.”
AP2 is an open source payments protocol that mixes traditional forms of payments with innovative crypto solutions, such as stablecoins. The protocol allows for AI agents to communicate and transact with one another under a framework intended to keep the payments secure.
Says Pablo Fourez, Chief Digital Officer at Mastercard, on the new collaboration,
“Mastercard is committed to ongoing, responsible innovation – and we are excited to be collaborating with Google, leading banks, merchants, AI platforms and other industry leaders to help shape the future of agentic commerce. These efforts include critical work with standards bodies such as the FIDO Alliance, where we are advancing verifiable credentials to capture and secure consumers’ intent in this dynamic new context. Together, we’re playing an essential role in securing the payments ecosystem – ensuring that trust and safety remain at the core of every transaction.”
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Featured Image: Shutterstock/maddrest/Andy Chipus
