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Agentic commerce will run on crypto rails, PayPal and Google reps tell Consensus Miami
Key takeaways
- Richard Widmann, global head of Web3 strategy at Google Cloud, said the existing internet user experience does not extend to autonomous agents.
- It's not hard, it just is impossible," he said, citing technological and regulatory barriers.
- To address the gap, Google has launched the Agentic Payments Protocol (AP2), an open protocol that has been donated to the FIDO Foundation and has more than 120 partners including PayPal, Widmann said.
Richard Widmann, global head of Web3 strategy at Google Cloud, said the existing internet user experience does not extend to autonomous agents.
"An agent cannot get a bank account. It's not hard, it just is impossible," he said, citing technological and regulatory barriers. Crypto, by contrast, is "a fantastic machine readable interface for payments," Widmann said.
To address the gap, Google has launched the Agentic Payments Protocol (AP2), an open protocol that has been donated to the FIDO Foundation and has more than 120 partners including PayPal, Widmann said. He compared the move to the x402 internet-native payment standard given to the Linux Foundation.
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