Mastercard has launched an AI-powered payments network powered by more than 30 companies, including Ripple, Coinbase, and the Solana Foundation, to enable autonomous software agents to transact without human intervention.
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- Mastercard has launched an AI-powered payment network powered by Ripple, Coinbase, and more than 30 fintech and blockchain companies.
- The new Agent Pay for Machines platform allows autonomous AI agents to make and receive payments without human intervention.
- Ripple, Coinbase and the Solana Foundation said blockchain infrastructure and stablecoins can support machine-speed transactions.
According to MasterCard on June 10 advertisementThe new platform, called Agent Pay for Machines, is designed to support high-volume, low-value transactions executed by AI agents working on behalf of consumers and businesses.
The company said the system enables automated payments, settlements and machine-to-machine transactions while allowing users to set spending limits, licensing requirements and settlement conditions. Mastercard added that the platform can support multiple payment networks as well as stablecoin-based transactions.
The launch brings together a group of payment, blockchain and fintech companies that include Adyen, Stripe, Cloudflare, OKX, Coinbase and Ripple.
Mastercard said the network aims to provide the infrastructure for automated digital commerce where AI-powered programs increasingly perform tasks autonomously.
Ripple and Coinbase support automated payments
Among the companies supporting the initiative, Ripple highlighted the importance of fast settlement infrastructure for independent transactions. During the launch of the Mastercard product, Markus Infanger, RippleX senior vice president, said that AI agents are already capable of performing activities such as autonomous billing and purchasing computing resources.
“XRPL and RLUSD are designed so that institutions can allow agents to transact at machine speed within the rules imposed by the chain itself, with settlement in seconds, predictable costs, programmable compliance, and a full audit trail.”
Coinbase also emphasized the need for payment standards that can work across different systems. AI agents are creating a new economic environment that requires payment infrastructure capable of handling transactions at machine speed, said Nina Coughlin, head of stablecoin business development at Coinbase.
Coinbase is working with Mastercard “to help develop an open, interoperable framework for proxy payments, combining trusted payment networks, a programmable digital dollar, and open standards like x402,” Coughlin said.
Support from the Solana Foundation also highlights industry interest in automated payment infrastructure. Future payment systems for AI agents will need to work across stablecoins, cards and other payment paths, said Rishin Sharma, head of AI growth at Solana Foundation, adding that “Solana is designed to enable these types of solutions at scale.”
Stablecoins have become part of Mastercard’s blockchain strategy
Support for AI-powered payments arrives shortly after Mastercard expands its stablecoin settlement infrastructure. like I mentioned Earlier via crypto.news, the company recently enabled card settlement using six dollar-backed stablecoins, including Circle’s USDC, Paxos’ PYUSD, Ripple’s USDG and USDP, Ripple’s RLUSD, and SoFiUSD.
Under the offering, Mastercard said settlement services will operate across multiple blockchain networks, including Ethereum, Solana, Polygon, Peace, Arbitrum, Canton, Tempo, and Ripple Ledger.
The company also said that issuers and acquirers will be able to settle transactions during weekends, holidays and outside traditional banking hours while continuing to use existing settlement systems.
Additional details from Mastercard showed that the first phase of the stablecoin settlement service will cover parts of the US and Latin America before expanding further until 2026.
