SBF: AI's Use of Cryptocurrency as Payment Is the Industry's Biggest Challenge

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SBF highlighted in AI + crypto news that the biggest challenge for cryptocurrency is whether artificial intelligence will adopt it as a payment method. He noted that traditional finance faces KYC barriers for AI payments, while crypto’s digital and permissionless nature makes it more suitable. Another model involves AI acting as a human agent, which raises legal liability issues. SBF said connecting AI to payment systems will require major work, either through crypto-native infrastructure or human oversight. The cryptocurrency news highlights the evolving intersection of AI and blockchain.

BlockBeats news, on February 27, FTX founder SBF posted on social media: “The biggest issue facing cryptocurrency is: Will artificial intelligence use it? Suppose a ChatGPT instance or Claude needs more computing power—will it pay via wire transfer, credit card, or cryptocurrency? The traditional financial system has inherent barriers to AI payments—AI has no passport, address, Social Security number, or even a name, making it impossible to complete KYC (Know Your Customer) procedures. In contrast, cryptocurrency is inherently digital and permissionless; AI can directly access the blockchain, making it better suited as a payment method for AI.”


Another possibility is the "agency model": each AI is treated as an agent of a specific individual, who completes KYC and assumes responsibility for the AI’s actions. This model also raises legal challenges regarding who should be held accountable for the AI’s behavior. Regardless of the approach chosen, integrating AI with trading and payment systems requires substantial effort—either by building on native digital and cryptocurrency infrastructure or by relying on human "owners" to manage the AI’s financial activities.


Either way, some work is needed to connect the world of AI with the worlds of trading and payments—either this work is inherently digital and crypto-based, or it relies on human "masters" of AI. The direction this takes has significant implications for the entire world, one of which is the future of cryptocurrency.

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