Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) has launched a new app store that uses artificial intelligence (A.I.) agents to handle payments.
The app store is built on the company’s x402 payment protocol and embeds permissionless stablecoin rails directly into A.I. infrastructure across seven service categories.
As of April 21, 69,000 A.I. agents on x402 have processed more than 165 million transactions totaling $50 million U.S. in payment volumes.
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Coinbase said that the seven categories are reasoning, data, media, search, social, infrastructure, and trading.
The A.I. agents in the app store are capable of pulling financial data from CoinGecko, process it through an OpenAI reasoning endpoint, execute a trade via Bankr, and log the transaction through QuickNode infrastructure.
All those steps can be accomplished without the need for human authorization at each point in the process.
The 165 million payment transactions carried out so far represent an average call value of $0.31 U.S. as the app store is currently calibrated to handle micropayments.
In time, the app store will be scaled to handle larger transactions and grater complexity, says Coinbase Global.
COIN stock has increased 18% over the last 12 months to trade at $206.68 U.S. per share.