"The idea of using blockchain for micropayments has been kicked around for years, but failed to gain traction. The difference now, though, is the emerging field of AI commerce, which Ragsdale says is poised to add tens of millions of ordinary consumers to an API economy that has historically been limited to a relatively small pool of developers."
"It's easy to imagine a future where I write plain English instructions to instruct an agent along the lines of, 'Go build me this chart, and take $10 in USDC to get the data you need.'"
"Ragsdale warns that large AI companies may pose challenges in the development of agentic commerce, indicating that while the potential is vast, the path forward is not without obstacles."
Agentic commerce is emerging as a significant trend, with AI agents managing digital money for consumers. Sam Ragsdale's startup, AgentCash, facilitates AI payments for premium APIs. The use of blockchain technology for micropayments is gaining traction due to the rise of AI commerce, which could expand access to an API economy beyond developers. Ordinary consumers may soon utilize AI agents for tasks like purchasing financial data, simplifying processes that previously required technical skills.
Read at Fortune
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