Mastercard Partners with Ripple for AI Payments

Mastercard has launched a new AI-powered payment system called Agent Pay for Machines, which allows artificial intelligence to purchase services and settle transactions using various payment methods. In a notable development, the system is being supported by several major crypto companies, including Coinbase and Ripple. However, despite Ripple's involvement, its native cryptocurrency XRP will not be used in the system. Instead, Mastercard has opted for a workaround that utilizes stablecoins to facilitate payments. This partnership may have implications for the broader adoption of AI-powered payments in the financial industry.