MoonPay Launches Open-Source Wallet Standard for AI Agents

Crypto payments infrastructure institution MoonPay has launched an open-source wallet modular designed for AI agents to negociate funds and execute transactions crossed aggregate blockchains, addressing cardinal infrastructure challenges that person constricted AI-crypto integration.

The Open Wallet Standard (OWS), announced Monday, was developed with contributions from PayPal, the Ethereum Foundation, the Solana Foundation, Ripple, OKX, Tron, TON Foundation, and Base, among different companies.

"The cause system has outgo rails. It didn't person a wallet standard. We built one, open-sourced it, and present the afloat stack exists," said MoonPay co-founder and CEO Ivan Soto-Wright successful a statement.

The model aims to lick fragmentation issues successful wallet and cardinal absorption that person analyzable fiscal operations for autonomous AI systems, according to MoonPay, which is an investor successful Decrypt’s sister institution Myriad.

OWS supports the x402 unfastened outgo protocol developed by Coinbase, on with Stripe and Tempo’s Machine Payments Protocol (MPP) for session-based micropayments. It besides builds connected MoonPay’s earlier collaboration with Ledger that enables hardware wallet signing for MoonPay Agents transactions.

“On-chain payments originate from wallet addresses, and each concatenation represents them a spot differently,” said Mysten Labs co-founder and CTO Sam Blackshear successful a statement, explaining that a “unified representation” streamlines processes and enables agents to absorption connected high-level tasks alternatively of details.

According to MoonPay, OWS is designed successful specified a mode that a wallet’s backstage cardinal is ne'er exposed to agents, the LLM discourse oregon genitor applications erstwhile transacting.

The motorboat comes arsenic AI agents progressively necessitate blase fiscal capabilities to run autonomously, and forms portion of a “deliberate shift” astatine MoonPay towards AI-native infrastructure.

Agentic payments are a increasing interest for crypto infrastructure developers, with Coinbase launching a wallet specifically for AI agents with built-in guardrails, Stripe-backed Tempo Network focusing connected enabling AI cause outgo capabilities, and Sam Altman's World tapping Coinbase's protocol to verify humans down AI agents.