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Payments were originally designed for humans Agents need their own payment software designed uniquely for them marcvl.algo🇺🇦, CSO and CMO at Algorand Foundation spoke about Algorand's atomic transaction grouping, where the swap and the payment settle together, so an agent holding one currency can pay a merchant who only...

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The machine economy does not begin when robots get smarter. It begins when a machine can be paid to do something, and every party involved can prove what happened. Made with Fabric Foundation. Two systems meet in the middle of it: Agent Passport issues the agent a verifiable identity and a spending authority its owner defines, and RoboPay actuates a robot after the payment behind the request checks out. What happens before the robot moves: ▷ Authority is granted once, and it is bounded. The human signs a spending session with a passkey: a total budget, a per-transaction ceiling, the assets allowed, and an expiry. The agent holds no card number and no wallet key. It holds a delegation it cannot exceed. ▷ Two payments, because these are two different obligations. One settles with the merchant for the goods. A separate x402 payment pays the robot for the work of moving them. Buying a thing and hiring a machine to carry it are not the same transaction, and the receipt keeps them apart. ▷ Verification comes before motion. The request arrives with an x402 payment header. The facilitator checks the network, the price, the payee wallet, and the signed payload. Only then are the transaction details sealed onto the robot action event and the command published. Until that clears, the robot sits still. ▷ Every step leaves a receipt. Identity, scope, approval, both payments, verification, dispatch. When you need to know why a machine did something, the answer is a record rather than a guess. (This run was executed in a demo environment.) Agents have been paying for software for a while now. Paying for physical work is a harder problem, because a delivery cannot be rolled back. The guarantee has to sit in front of the action instead of behind it. Authorization before payment, payment before motion: that ordering is what makes it safe to let autonomous systems spend in the world we live in. It is also the layer the machine economy has to get right before anything else in it can work. Scoped by Kite. Verified by RoboPay. Delivered in the real world. 🪁

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