Crypto's 'AWS' Alchemy unveils tool to make AI payment systems talk to each other

Alchemy, a cryptocurrency infrastructure provider used by many blockchains and firms in the space, has released a new tool, AgentPay , that lets different AI payment systems, from companies like Coinbase, Stripe, Visa, Mastercard, and Circle, work together.

The new tool addresses the problem that agentic payment systems currently coming online aren't "interoperable", or in other words, don’t talk to one another, meaning a merchant that wants AI agents as customers has to build a separate integration for every protocol.

“That's not sustainable, and it’s only going to get more fragmented as more systems launch,” said Alchemy CTO Guillaume Poncin in an email. “AgentPay fixes that. A merchant registers their existing API with us, we give them a new endpoint, and any agent on any supported protocol can pay them through it.”

Alchemy is widely seen as the "AWS of Web3," as it provides the infrastructure, developer tools, and node services needed to build blockchain applications.

AgentPay promises one integration for every protocol, citing the likes of x402, MPP, A2P, L402. “We sit in the middle as the translation layer, where AgentPay routes instructions, and Alchemy never touches the funds,” Poncin said.

So-called agentic finance, which is expected to become a major pillar of all payments activity on the internet, can involve micro-transactions, or nano-payments, some of which take place between AI agents with humans somewhere in the background.

Alchemy has carried out a private beta soft launch for now, and is aiming for a general release in the coming weeks.