Cloudflare announces Cloudflare Wallets for users to pay for APIs and content via stablecoins, with the ability to create virtual wallets for agentic shopping (Jeff John Roberts/Fortune)
The field of agentic commerce—a term that describes the use of bots for online buying and selling—is evolving fast.
Cloudflare has introduced Cloudflare Wallets, allowing users to pay for APIs and content using stablecoins. This service also enables the creation of virtual wallets for agentic shopping, which involves the use of bots for online buying and selling.
The new service, cloudflare.pay, provides an identity tool that lets merchants confirm an agent is acting on a user's behalf. It is paired with a wallet that can hold funds for the agent to spend. According to Cloudflare's chief strategy officer, Stephanie Cohen, around 57% of web traffic now consists of bots.
Cloudflare's new service reflects a change in the nature of the internet, where bots are no longer just a small portion of traffic and primarily treated as a threat. The company aims to support a new business model where every interaction on the internet is a chance for commerce.
Brief written by urgent.news from Techmeme, Fortune — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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