Alipay chairman names stablecoins one of four AI payment models

Ant Group CEO and Alipay chairman Han Xinyi has identified stablecoin payments as one of four major models in the global AI payments market, PA News reported, citing Caixin.

Han said crypto companies including Circle (CRCL) and Coinbase (COIN) are using stablecoins and wallets to make cryptocurrencies a payment method for machine-to-machine automated payments. The other three categories are payment infrastructure companies such as Stripe, card networks such as Visa and Mastercard, and AI platform companies such as Google and OpenAI.

Source: Coinness