CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

HSBC, Ant Digital test AI-agent payments using tokenized deposits

Cointelegraph logo

Published on

Add as a preferred source on Google
HSBC, Ant Digital test AI-agent payments using tokenized deposits

The technical trial showed how AI agents could discover services and make micropayments using HSBC’s tokenized deposits, with real-time settlement and risk checks.

British banking giant HSBC and Ant Digital Technologies have tested a system that lets AI agents access digital services and make micropayments using tokenized bank deposits, with transactions settled in real time on a blockchain testnet.

According to Friday’s announcement, the test combined HSBC’s Tokenised Deposit Service with Ant Digital’s Anvita Flow network, which enables AI agents to find and use services, and Jovay Testnet, a layer-2 blockchain testing environment.

HSBC provided settlement capabilities and real-time risk checks, while Ant Digital’s network coordinated service access and payments. The demonstration showed an AI agent selecting a digital service and completing a payment. The companies described the transactions as micropayments, typically defined as less than $2.

The companies said the test was limited to technical verification and did not represent a commercial launch or live customer offering.

HSBC is among several banks testing how AI agents could initiate financial transactions on customers’ behalf.

In March, Spanish banking giant Santander completed an AI-agent-initiated payment using Mastercard’s Agent Pay infrastructure in a controlled test involving the bank’s live payment systems.

Swiss digital asset bank Sygnum followed in May with a test of AI-agent-driven transactions on a blockchain mainnet, with customers required to approve and sign each transaction. Spanish banking group CaixaBank also completed an AI-agent-initiated card transaction using Visa Intelligent Commerce and existing merchant payment systems.

However, not everyone believes established banks can adapt their existing infrastructure to AI-driven finance.


Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.