BlockBeats News, February 27th, FTX founder SBF posted on social media stating, “The biggest issue facing cryptocurrency is: Will AI use it? Suppose a ChatGPT instance or Claude needs more computing power, will it pay via wire transfer, credit card, or use cryptocurrency. The traditional financial system has inherent barriers for AI payments—AI lacks a passport, address, social security number, or even a name, making it impossible to complete KYC (Know Your Customer) processes. In contrast, cryptocurrency is inherently digital and permissionless; AI can directly access the blockchain, making it more suitable as an AI payment method.
Another possibility is the ‘agent model’: each AI is considered an agent of a person, with that person completing KYC and being responsible for the AI’s actions. This model also presents legal challenges, such as who will be held accountable for the AI’s behavior. Regardless of the approach, integrating AI with trading and payment systems requires significant effort, either building on native digital and cryptocurrency foundations or relying on human ‘masters’ to manage the AI’s financial activities.
Either way, some work is needed to connect the world of AI with the world of transactions and payments. Either this work itself is digital and cryptocurrency-based, or it depends on the AI’s human ‘masters.’ Its direction of development has significant implications for the entire world. One of these implications is the future of cryptocurrency.”
