Tuesday, January, 21, 2025

Cloudflare Launches NET Dollar: Transforming the Web with Real-Time AI Payments

Cloudflare launches NET Dollar stablecoin, enabling fast, efficient AI-driven microtransactions for the emerging agentic web.
Cloudflare
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Areeba Rashid

Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.
  • Cloudflare launches NET Dollar stablecoin, enabling fast, efficient microtransactions for AI agents.
  • NET Dollar leverages Cloudflare’s global network to support real-time, automated payments across geographies.
  • Industry partnerships, including with Google, aim to streamline AI-driven payments using shared protocols.

Cloudflare has also launched its new stablecoin, NET Dollar, designed to enable microtransactions with autonomous AI agents. U.S. dollar-based currency is created to allow AI agents. To make payments rapidly and effectively to serve the emerging web of agency where machines conduct tasks and commerce on behalf of users, according to the press release.

This innovative payment system addresses the limitations of traditional financial systems. Cloudflare believes that the machine-to-machine economy that is emerging rapidly is too fast and costly to run with legacy banks and older forms of cryptocurrency. With AI agents encroaching upon increasingly more positions. There is a definite utility in having a fast and cheap payment system.

Cloudflare Transforms Payment Infrastructure

The new Cloudflare global network that will enable NET Dollar will use the existing network. And it speeds up and protects a major part of the internet traffic. The network will provide real-time transactions using different currencies and geographical locations automatically. Cloudflare believes that such transactions can occur at the speed of the internet to guarantee immediate payments for services such as flight bookings or payments to suppliers.

The CEO and co-founder of Cloudflare, Matthew Prince, says that the company has the right infrastructure that would help modernize the financial system. We will also assist in modernizing the financial rails that are required to transfer money as fast as the internet,” he said. 

The company wants to render the internet more transparent and valuable, more than that, transactions could take place with AI, without the smack of the regular banking models.

Also Read: Circle Ventures’ Strategic Investment in Crossmint Targets Billions of Users and AI Agents

NET Dollar Empowers Microtransactions for AI Agents

NET Dollar targets small and incremental payments that could not be handled by traditional systems. The outcomes of these microtransactions will drive the agentic web, where AI can perform payments on behalf of users. The new stablecoin being developed by Cloudflare will enable cloudflare to think more like an internet. That rewards people for using the internet in real time.

Cloudflare would also be working to ensure that NET Dollar integrates with open standards. The company has invested in the Agentic Payments Protocol and x402. Which will improve the effectiveness of payments made by AI. Such cooperation ties Cloudflare to other leaders in the industry, including Google, which is also exploring its own payment protocols on AI agents.

Source: Google Cloud

The drive toward universalization of payment systems is mounting. Recently Google showed an example of a successful collaboration with Coinbase and Lowe’s. When an AI agent took control of a purchase in home improvement, consulting, and the stablecoin payment. This highlights how AI agents can be used to process transactions and do so smoothly, robotically, and in an automated fashion, thus making the vision of Cloudflare a reality.

Also Read: Jasmy Coin Price Drops 4.21%: Can a Bullish Reversal Bring 300% Gains?

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