NewsNTech
Agentic Commerce, Decompiled: Why PayPal and Google Cloud Want Crypto Rails Under the AI The pitch coming out of Consensus Miami was simple, and from an engineering seat, it actually tracks: an autonomous agent cannot open a Chase account.
Rich Widmann, Global Head of Strategy for Web3 at Google Cloud, said the quiet part loudly — software entities have no legal personhood, no KYC packet, no thumbprint.
The plumbing of card networks and ACH was built around humans signing things. If agents are going to transact, somebody needs a machine-readable settlement layer. Stablecoins are the path of least resistance.
That is the actual reason PayPal's May Zabaneh and Google Cloud are showing up at the same table. Both companies see the same architectural gap.
Keep reading