“Agent Pay for Machines will create the conditions for a superbloom of AI business models,” Mastercard Chief Product Officer Jorn Lambert said in a statement. “Machine payments can make it possible for services to be bought and sold among agents at fundamentally different scales than payments today—very high volumes, very small values, very fast, and at extremely low latency.”
More than 30 companies have joined the effort, including Coinbase, OKX, Polygon, RippleX, Aave Labs, Alchemy, Anchorage Digital, BVNK, MoonPay, Stripe, Cloudflare, and the Solana Foundation.
The announcement also comes after several moves by Mastercard into the cryptocurrency market this year.
