BlockBeats News, February 27 — FTX founder SBF posted on social media stating, "The biggest problem facing cryptocurrencies is: will artificial intelligence use them? If an instance of ChatGPT or Claude needs more computing power, will it pay via wire transfer, credit card, or use cryptocurrency? Traditional financial systems have inherent barriers to AI payments — AI has no passport, address, social security number, or even a name, making KYC (Know Your Customer) impossible. In contrast, cryptocurrencies are inherently digital and permissionless, allowing AI to directly access the blockchain, making them more suitable for AI payments.
Another possibility is the ‘agent model’: each AI is considered an agent for a person, with that person completing KYC and being responsible for the AI’s actions. This model also raises legal challenges, such as who will be responsible for the AI’s behavior. Regardless of the approach, integrating AI with transaction and payment systems requires significant work—either built on native digital and cryptocurrency infrastructure or relying on human ‘owners’ to manage AI’s financial activities.
Whichever way it goes, some work is needed to connect AI’s world with the world of transactions and payments. Either these efforts are inherently digital and crypto-based, or they depend on human ‘owners’ of AI. The development direction has a major impact on the entire world. One of these impacts is the future of cryptocurrencies."
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S. March jobs smash expectations, with 178,000 added
In March, the U.S. added 178,000 jobs, recovering from February's losses and reducing the unemployment rate to 4.3%. The stronger-than-expected report may influence future interest rate decisions by the Fed amidst fluctuating oil prices.
CoinDesk2h ago
U.S. added 178k jobs in March, and Federal Reserve officials say low growth may become the new normal, but it is fragile amid wartime conditions
A Federal Reserve watcher said that the U.S. added 178k jobs in March, the unemployment rate fell to 4.3%, but wage growth slowed to the lowest level in five years. The average monthly number of new jobs was only 22.5k, the economic outlook is fragile, and inflation concerns may further limit the room for rate cuts.
GateNews2h ago
Bitcoin whales and sharks posted daily losses exceeding $300 million in Q1, with cumulative losses of $30.9 billion within the year
According to Glassnode data, in the first quarter of 2023, the average daily losses for “sharks” holding between 100 and 1,000 BTC and “giant whales” holding between 1,000 and 10,000 BTC were 188.5 million and $147.5 million, respectively, totaling approximately $337 million. Meanwhile, the year-to-date cumulative losses have already reached $30.9 billion, approaching the level of the 2022 bear market. Long-term holders’ average daily losses are still around $200 million, with the market affected by macro risks and weakening confidence.
GateNews6h ago
The IMF urges the Bank of Japan to keep raising interest rates, saying that the Middle East war poses major new risks
The International Monetary Fund recommends that the Bank of Japan continue raising interest rates, despite new risks to Japan’s economy stemming from the Middle East war. Rising oil prices and yen depreciation have intensified inflation pressures. The IMF expects inflation to return to the 2% target in 2027 and emphasizes the importance of a flexible interest-rate policy.
GateNews7h ago
Trump asks Congress for $1.5 trillion defense budget, the largest military spending request in US history
The Trump administration submitted a $1.5 trillion defense spending request to Congress on April 3 --- the largest military budget proposal in U.S. history --- pairing record military outlays with cuts to domestic programs in a fiscal combination that signals sustained inflation pressure and a
Cryptonews17h ago
EY-Parthenon Economist: The U.S. Labor Market Is Fragile, With a 40% Probability of a Recession
Despite a strong rebound in U.S. March employment data, EY-Parthenon economist Lydia Boussour says the labor market remains fragile, with companies’ hiring intentions declining, and expects the market to be frozen in 2026. The unemployment rate could rise to 4.7%, and the probability of an economic recession is 40%.
GateNews23h ago
