Google Cloud and PayPal executives: AI agents will run on encrypted payment tracks, inaccessible to traditional bank accounts.

CoinFeed reported on May 11th, citing CoinDesk, that executives from Google Cloud and PayPal stated at the Consensus conference that the structural limitations of AI agents prevent them from using traditional bank accounts, and the next wave of internet commerce will run on the crypto payment track. Richard Widmann, Global Head of Web3 Strategy at Google Cloud, pointed out that agents cannot access bank accounts, while the crypto payment track is an "excellent machine-readable payment interface." Google has launched the Agentic Payments Protocol (AP2), which already has over 120 partners, including PayPal, and has donated the protocol to the FIDO Foundation. May Zabaneh, Senior Vice President of Crypto at PayPal, stated that the company is viewing agents as the next channel after offline, online, and mobile commerce.