Ripple
August 21, 2024
Ripple News - August 21, 2024
Former Ripple executives have launched Skyfire, a blockchain-based payment network designed for autonomous AI agents. With $8.5 million in seed funding, Skyfire aims to revolutionize AI transactions using the USDC stablecoin on the Polygon network. Discover the implications of this innovative system.
() Introduction
() Former Ripple Executives Launch Crypto Payment Network for AI Agents
Two former Ripple developers have launched Skyfire, an open-source payment system designed to enable autonomous AI agents to make payments using blockchain technology. Skyfire has raised $8.5 million in seed funding from notable investors such as Circle, Ripple, Gemini, and Tim Draper's VC firm. The system will utilize the USDC stablecoin for transactions and is currently operating on the Polygon network, aiming to streamline AI transactions by removing the need for human intermediaries and traditional banking systems. Future plans include expanding to additional blockchains.
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