Source: Fortune
Summary
Coinbase has introduced a new tool called Base MCP, which enables users of its Base blockchain network to easily integrate AI services like Claude and Cursor. This move is part of a broader effort by Coinbase and Stripe to redefine the technical underpinnings of online commerce. The tool makes it easier to use AI for conducting crypto transactions such as trading and lending. Base MCP is compatible with the Model Context Protocol standard launched by Anthropic in 2024. Coinbase’s Head of AI Product, Lincoln Murr, explained that the tool makes Base wallets more versatile, allowing for a wider range of transactions across different platforms.
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The strategy enters a familiar phase.
Coinbase is pushing further into AI payments with its new Base MCP tool, which is compatible with the Model Context Protocol standard. The tool makes it easier to use AI for conducting crypto transactions. Coinbase’s Head of AI Product, Lincoln Murr, says the tool makes Base wallets more versatile. The launch is part of a broader effort by Coinbase and Stripe to redefine online commerce. The numbers tell a story of small but growing potential, with agent-based transactions totaling $73 million over the past year.
The reality is that this new form of commerce remains incredibly small and experimental, but major companies like Visa and Google are investing heavily in the field.
Author: Evan Null
