Payment standards are established rules, protocols, and technical specifications that govern how financial transactions are processed and communicated. These standards ensure compatibility, security, and efficiency across different payment systems. They facilitate the smooth transfer of value between parties.
Context
In the digital asset space, the development and adoption of new payment standards are crucial for the mainstream acceptance and interoperability of cryptocurrencies. Discussions frequently involve the creation of uniform protocols for stablecoins, cross-chain transfers, and atomic swaps to simplify digital asset payments. Regulatory bodies and industry groups are actively working to establish guidelines that balance innovation with consumer protection and financial stability.
Google's AP2 protocol establishes a verifiable payment standard for AI agents, integrating Web2 and Web3 financial systems to enable secure, autonomous transactions and foster a new machine economy.
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