Cloudflare introduces wallets for AI agents, plans stablecoin payments

[Update 06:20 UTC, Aug. 7: Adds comments from a Cloudflare spokesperson in the fourth and seventh paragraphs.]

Cloudflare introduced Cloudflare Wallets on Tuesday, a programmable wallet for artificial intelligence (AI) agents designed to support stablecoin payments.

The US cloud infrastructure company said in a blog post that the product aims to simplify how AI agents identify themselves and pay for application programming interfaces (API) and digital content through stablecoin micropayments, enabling what it calls “agentic commerce.”

Cloudflare said users can claim a Cloudflare Wallet handle immediately, while payment features will roll out later.

“Handle reservation is live now at cloudflare.pay where users can claim their identity,” a Cloudflare spokesperson told Cointelegraph. “Full wallet functionality like onramping and offramping funds, and issuing virtual wallets will roll out in the coming months.”

The company plans to integrate the wallets with its recently announced Monetization Gateway, which uses Coinbase’s x402 protocol to enable stablecoin micropayments.

“Stablecoin micropayments via x402 will make it simple to try an API without an account, allowing agents to test new options with little friction,” Cloudflare software engineer Will Papper wrote in the blog post. He added that the wallets will also let users store stablecoins and receive payments across the web.

The spokesperson said Cloudflare is not yet specifying which stablecoins or blockchain networks the wallets will support. Onramping and offramping will initially launch in supported geographies, while eligible users outside those markets will be able to self-fund their wallets with stablecoins.

Related: Mastercard completes $1.8B BVNK acquisition in stablecoin push