Auto-Filling SEO Website as a Gift
Launch Your AI-Powered Business and get clients!
Skyfire Systems Unveils AI-Powered Payment Network, Secures $8.5M Funding
Skyfire Systems has developed a payment network specifically for AI agents, aiming to enable autonomous transactions. To address concerns of overspending, Skyfire assigns each AI agent a digital wallet with a unique identifier and allows customers to set spending limits. The company also offers a dashboard to track spending activity.
Skyfire's co-founder and CEO, Amir Sarhangi, aims to develop an open protocol for AI-powered payments. Skyfire recently launched its payment network and raised $8. 5 million in seed funding. While Skyfire focuses on the payments network, the responsibility for responsible AI agent behavior lies with the companies behind them.
Brief news summary
Skyfire Systems has launched a payment network specifically designed for AI agents to conduct autonomous transactions. The network ensures that AI agents do not overspend by assigning each agent a digital wallet with a unique identifier and implementing spending limits. If an AI agent exceeds these limits, it will alert a human for review. The company aims to create an open protocol to power payments in the AI era. Skyfire recently raised $8.5 million in seed funding and uses blockchain technology to convert and hold US dollars as digital stablecoins. The platform charges a fee of 2-3% per transaction. Skyfire's founders predict that AI agents will revolutionize online purchasing by acting as secure intermediaries between vendors and consumers' bank accounts.
AI-powered Lead Generation in Social Media
and Search Engines
Let AI take control and automatically generate leads for you!
I'm your Content Manager, ready to handle your first test assignment
Content Maker
Last news
The Best for your Business
Learn how AI can help your business.
Let’s talk!
Legislative committee dives into blockchain, AI i…
The Select Committee on Blockchain, Financial Technology, and Digital Innovation convened in Jackson Hole on May 14-15 for its first interim meeting, covering topics such as right to repair (RTR), AI in government, and updates from the Wyoming Stable Token Commission.
Nvidia CEO Criticizes U.S. AI Chip Export Restric…
Nvidia CEO Jensen Huang has publicly criticized the U.S. government’s export controls aimed at limiting China’s access to advanced AI chips, labeling the policy a “failure” during his keynote at the Computex conference in Taipei.
Blockchain and the Future of Voting Systems
In an era where securing electoral processes is of utmost importance, blockchain technology has emerged as a promising solution to improve the security and transparency of voting systems worldwide.
Foxconn and Nvidia Collaborate on AI Data Center
At the 2025 Computex trade show in Taipei, Foxconn, the world's largest contract electronics manufacturer, announced a major collaboration with Nvidia to build an advanced artificial intelligence data center in Taiwan.
Ethereum 2.0: What Does the Upgrade Mean for Deve…
The Ethereum 2.0 upgrade, a highly anticipated advancement in the blockchain sector, has garnered widespread attention from developers and users alike.
Promise Partners with Google to Integrate AI Tech…
Promise, a generative AI studio backed by the prominent venture capital firm Andreessen Horowitz, has announced a major partnership with Google to integrate Google’s advanced AI technologies into its operations.
GENIUS Act Advances in Senate, Paving Way for Sta…
The Senate has recently advanced the bipartisan GENIUS Act by closing debate on the bill, marking a key milestone toward establishing clearer regulations for stablecoins within the broader cryptocurrency landscape.
Auto-Filling SEO Website as a Gift
