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Cloudflare starts Net Dollar: Revolution for AI payments!
Cloudflare presents Net Dollar, a U.S.-based stablecoin for global AI transactions to revolutionize conventional payment models.
Cloudflare starts Net Dollar: Revolution for AI payments!
Cloudflare launched a revolutionary initiative on September 25 by introducing the Net dollar, a stable coin supported by the USA, which was designed especially for autonomous AI agents. The aim of the Net Dollar is to enable immediate, global microtransactions and thus replace the slow and costly traditional payment systems. This was announced in a press release that describes the company's vision for a new payment architecture.
The NET dollar is designed to operate as part of the so-called "agent web", in which AI agents process business on behalf of users. Cloudflare is convinced that the existing banking services and the first generation within the crypto payment systems are not sufficient in order to meet the increasing machine-to-machine economy. With its global network, the company sees itself as the ideal basis for a smooth payment system that works across different currencies and geographical borders.
Innovations for the future
The NET dollar will enable immediate and automated accounts for services such as real-time flight bookings and supplier payments. Cloudflare thus addresses the challenges of traditional business models on the Internet, which are strongly dependent on advertising platforms and slow bank transfers. The introduction of autonomous agents is seen as a catalyst for a user-based internet model.
Cloudflare works alongside other large actors, including Google, on the development of open standards such as the Agent Payments Protocol and X402 to promote interoperability. These initiatives illustrate the need for a universal payment layer that is suitable for various applications in the digital world. For example, Google recently demonstrated how a AI agent managed a complex purchase using stable coin payments, which indicates the possible future applications.
The introduction of the Net Dollar through Cloudflare marks a significant step in the evolution of digital payments and automation on the Internet, since it meets the requirements of an increasingly networked and automated market. This development could revolutionize the way shops are handled on the Internet and create new standards for payments.
Cloudflare emphasizes the importance of the net dollar for the future of payments And emphasizes that this innovation will support essential progress in technology.