MoonPay Launches PayBox
MoonPay's PayBox lets ChatGPT and Claude users trade crypto and pay for real purchases through chat, without giving up custody of funds.
MoonPay introduced PayBox on Wednesday, a tool that enables users to execute cryptocurrency trades, token swaps, decentralized finance (DeFi) actions, and specific real-world transactions via conversational prompts. This non-custodial payment vault integrates with popular AI assistants like ChatGPT and Claude. Users add a custom connector within their selected AI, set up a passkey, and link a wallet or payment method.
After verification, users can instruct the AI to carry out various tasks such as swapping tokens, bridging assets, or reserving accommodations. Transactions require passkey authorization, which can be single-use and revoked. Launching with support for Solana, Ethereum, Base, Arbitrum, Polygon, Hyperliquid, Tempo, and Robinhood Chain, PayBox also utilizes the x402 payment standard, allowing for restaurant reservations, travel bookings, and purchases from certain online merchants.
User private keys are safeguarded through multi-party computation and trusted execution environments, ensuring that neither MoonPay nor the AI can independently approve transactions. The platform's infrastructure is provided by Sodot, a company MoonPay acquired recently. Within its first 24 hours of release, PayBox attracted over 224,000 users.
MoonPay intends to broaden AI platform compatibility and enhance DeFi capabilities in the forthcoming weeks. Users can access PayBox at paybox.sh. This report is based on factual information from the source and does not include any commentary or speculation.
Written by urgent.news from HackerNoon's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
