MatterFi Launches First Decentralized Private AI Agent For Payments

Fintech infrastructure company focused on security in digital finance MatterFi on Tuesday announced it has introduced what it claims to be the first decentralized and private AI agent for payments.

What Happened: The Wyoming-based firm announced the launch at the Tokenize Conference in Las Vegas, positioning the new AI-powered agent as a secure solution for digital transactions.

MatterFi's AI agent operates within a decentralized framework, utilizing the company's "Send-to-Name" system to enhance transaction security and transparency.

This feature allows transactions to remain private to third parties while ensuring transparency for the transacting parties.

Built with compliance in mind, MatterFi's system is fully AML/KYC compliant across different blockchain assets and networks, addressing regulatory concerns associated with AI-driven financial tools.

“AI agents are transforming digital security,” said MatterFi CEO Michal Pospieszalski in a press release shared with Benzinga.

According to him, the AI agent's design provides end-to-end cryptographic protection without needing traditional login credentials.

Also Read: Bitcoin Looking At A ‘Very Bullish Setup’ Ahead Of US Election, Industry Expert Says

The company highlights that this system is aimed at a wide range of financial entities, including payment processors, credit card providers, and mobile carriers, offering a potential alternative to traditional security measures vulnerable to phishing, hacking, and other digital threats.

MatterFi's launch comes as interest in AI agents for blockchain applications grows.

Earlier this week, cryptocurrency exchange Coinbase introduced "Based Agent," a tool that allows users to set up their own AI-driven agent with a crypto wallet in minutes.

Designed to perform various on-chain tasks, Coinbase's AI agent integrates with smart contracts to execute trades, swaps, and staking functions.

While Coinbase's tool primarily targets ease of use for crypto enthusiasts, MatterFi emphasizes a security-first approach, positioning its AI agent as a foundational layer for institutions looking to safeguard digital transactions.

This trend and its implications for the future of finance will be discussed at Benzinga's Future of Digital Assets event on Nov. 19, where industry leaders will gather to examine how AI and blockchain are reshaping the financial landscape.

Read Next:

• Is Bitcoin’s ‘Trump Trade’ Still Valid? It’s Complicated But Watch These Two Data Points

Image: Shutterstock