Cryptocurrency payments company MoonPay has introduced a non-custodial financial layer that gives AI agents access to wallets, funds and the ability to carry out transactions autonomously, the company said on Tuesday.
MoonPay Agents, as the new service is called, requires a user to verify and deposit funds into their agent’s wallet through MoonPay, and then the agent can take over, trade, exchange, and move money on their own.
While AI agents are primed and ready to trade, allocate capital and execute strategies, they are limited to the extent that they cannot participate in the economy without access to money, Moonpay said in an emailed press release. The idea of MoonPay Agents is to unlock that financial layer, from financing to execution and back to fiat.
The AI service generates a MoonPay link to fund a wallet, and the user completes a one-time KYC and connects a payment method through the MoonPay payment process, and then the agent can carry out transactions autonomously.
“AI agents can reason, but they cannot act economically without capital infrastructure,” said Ivan Soto-Wright, CEO and founder of MoonPay. “MoonPay is the bridge between AI and money. The fastest way to move money is cryptocurrency, and we’ve built the infrastructure to allow agents to do exactly that: custodial, permissionless, and ready to use in minutes.”
