Coinbase CEO Envisions AI Using Crypto for Payments and Establishing Data Provenance
• Coinbase CEO Brian Armstrong believes future AI "agents" will use crypto to pay for services like information and API calls, rather than traditional payment methods like Visa.
• Armstrong suggested crypto could help establish provenance of information as AI generates more fake content, by cryptographically signing content to verified entities.
• Coinbase already uses AI for functions like fraud prevention, customer support, code assistance, design, and forecasting.
• Armstrong sees potential for crypto growth in payments, decentralized social media, stablecoins, DeFi, and NFTs in 2023.
• He believes key innovations like stablecoins and Layer-2 solutions will make crypto payments more viable, especially in emerging markets.