Source: Fortune
Summary
Animoca Brands cofounder Yat Siu believes Asia can lead the way in AI and cryptocurrency innovations, citing the region’s comfort with money and lack of polarization between crypto and AI. Siu’s firm has invested in over 600 AI and blockchain companies and sees a future where AI agents conduct transactions autonomously using blockchain technology. He argues that payment giants like Visa, Mastercard, and Stripe are starting to adopt stablecoins, but may struggle to protect their base in a shifting payments landscape.
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Animoca Brands has invested in over 600 AI and blockchain companies, with Siu believing that AI agents will soon conduct commerce with each other, negotiating business transactions and social interactions. He sees blockchain-enabled payment mechanisms cutting out the middleman and reducing transaction fees. Siu’s own use of 280 agents to perform tasks on his behalf is a glimpse into this future. The question is, will traditional payment companies be able to adapt?
Author: Evan Null
