Agentic commerce will run on crypto rails, PayPal and Google reps tell Consensus Miami
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At Consensus Miami, Google and PayPal representatives discussed the future of payments, highlighting that AI agents cannot access traditional bank accounts, making crypto rails essential. Google introduced the Agentic Payments Protocol (AP2), collaborating with 120 partners, including PayPal, and contributed it to the FIDO Foundation. A PayPal survey revealed that while 95% of merchants experience AI agent traffic, only 20% possess machine-readable catalogs.
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