Will you be using your AI agent for payment? Google thinks yes.

Google is rolling out AP2 - an open, shared protocol that provides a common language for secure, compliant transactions between agents and merchants. It supports different payment types–from credit and debit cards to stablecoins and real-time bank transfers. It supports 2 shopping modes: "Real-time purchases" (human present), and "Delegated tasks" (human not present).

AP2 uses "Mandates"—tamper-proof, cryptographically-signed digital contracts that serve as verifiable proof of a user's instructions to establish trust. https://cloud.google.com/blog/products/ai-machine-learning/announcing-agents-to-payments-ap2-protocol #AI #Google #AP2 #Payments #AIPayments #Shopping #PaymentSystems #CreditCard #StableCoins #Crypto #BankTransfers #Cryptography

A legal deal struck yesterday between MEPs, European Commission and the EU Council could spell an end to days-long delays in receiving cash for Europeans, who instead could soon transfer funds between bank accounts within seconds.

Instant payments, as they’re known, allow money to move in the blink of an eye — and a new EU law making them the default option across the bloc has been hailed as good news by consumer advocates.

https://www.euronews.com/business/2023/11/08/eu-seeks-to-make-10-second-bank-payments-a-reality

#EU #BankTransfers #Payments #InstantPayments