Gate News message: On April 14, the payments giant American Express announced this week that it is rolling out a proxy business development toolkit and has pledged transaction protection for incorrect purchases generated by AI agents registered on its network. Proxy business refers to payment or economic activities carried out by AI agents on behalf of users; current adoption is still limited, but it has already drawn attention from mainstream payment providers. American Express said that its existing dispute resolution mechanisms can effectively address transaction risks posed by AI agents, and that by providing payment credentials and identity verification measures only to verified agents, it reduces customer disputes and chargebacks. Several payment companies, including Mastercard, Visa, and Stripe, have also recently published related infrastructure. American Express also revealed that it is exploring the use of stablecoins in settlement, but did not disclose specific plans.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
137 Ventures Closes $700M in New Funds, AUM Reaches $15B
According to ChainCatcher, 137 Ventures, an early investor in SpaceX, recently completed fundraising for two new funds totaling over $700 million, bringing its assets under management to above $15 billion. The new capital will support investments in AI agents, robotics, and space propulsion
GateNews13m ago
Reddit Surges 16% on Strong Q2 Outlook; Apple Faces Mac Shortage as AI Demand Outpaces Supply
Reddit's stock rose 16% before market open on Friday after the company issued a higher-than-expected revenue outlook for the coming quarter. Daily active visitors grew 17% to 126.8 million, while average revenue per user worldwide jumped 44%, driven by AI-powered
GateNews23m ago
Visa Launches Agentic Ready Program in Hong Kong on May 1, Enabling AI Agent Payments
According to Hong Kong media Ming Pao, Visa launched Visa Agentic Ready program in Hong Kong on May 1, enabling AI agent payments. The program leverages tokenization, identity verification, risk management, and authorization mechanisms. Initial participants include
GateNews3h ago
OpenClaw Releases v2026.4.29 on April 29, Upgrades Memory to Personalized Wiki with Relationship Tracking
According to Beating, open-source AI assistant OpenClaw (GitHub 367K stars) released v2026.4.29 on April 29, marking its second update in two days. The memory system evolved from simple retrieval-based recall to personalized wiki, enabling agents to automatically build character profiles and track r
GateNews12h ago
Google CEO Pichai reveals that using Gemini AI to understand human nature helps build more sincere communication
Pichai said that before important meetings, he uses Gemini’s perspective to analyze and predict the other party’s psychology, thereby improving empathy and enabling more sincere communication. AI agents can also automatically organize emails, scheduling, and summaries, making everyday chores more efficient. Meanwhile, AI platforms centered on open co-creation are emerging; open-source technologies such as Gemini 4 lower the barrier to entry. At the same time, it emphasizes building AI governance frameworks, with governments and society needing to participate to address challenges such as cybersecurity, deepfakes, and sustainability.
ChainNewsAbmedia15h ago
Oobit Launches Visa-Supported AI Agent Cards on Thursday, Enabling USDT Spending Without Fiat Conversion
According to The Block, Tether-backed wallet startup Oobit launched AI Agent Cards on Thursday, allowing autonomous bots to make purchases using USDT balances without converting to fiat or accessing corporate card credentials directly. The Visa-supported cards are usable online wherever Visa is acce
GateNews16h ago