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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.
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