ChatGPT wallet. Bitcoin/Stablecoins really lost their AI economy narrative.

[Eichensul]

OpenAI just launched ChatGPT Wallet so agents can buy stuff for you. Built with Visa/Mastercard . Not Bitcoin. Not stablecoins.

We were told crypto would be the payment rail for AI. The first mainstream consumer version runs straight through the card networks.

And where crypto is winning, it’s dollar-pegged tokens from regulated companies paying 20 cents for API calls.

What ever happened to the austrian dream

Crypto spent a decade chasing number-go-up and hodling while the incumbents built products

Money ruined the crypto space.

[General_Bitcoin]

You didn't give the source link. I think you are talking about this.

https://openai.com/index/introducing-chatgpt-wallet/

I wouldn’t say this shows crypto failing. The main use case for the ChatGPT Wallet is allowing users to give permission for their agents to make purchases. This doesn’t compare to an AI Agent needing to make a tiny payment for accessing another service or API call. This isn’t even a crypto wallet. It uses your existing bank card and payment token and requires authorisation from the user. This can’t really be seen as crypto failing. It does however show that the current payment system is much easier to use when purchasing. This still needs to prove that crypto can do something better.

[Darker45]

If you want to call it a loss, then no problem. But, just so you know, Wirex and MoonPay have also Navoka and PayBox, respectively, AI wallets which support cryptocurrencies.

But I don't think this is a big deal. As a matter of fact, it's completely understandable for developers to even prioritize fiat payments. This is a race at the earliest phase. Why should a mainstream AI company prefer crypto payments over fiat for their wallets when potential revenue, market size, and wider merchant acceptance all point to fiat being the more solid choice? The entire world is accepting Visa, Mastercard, American Express, and whatnot, so why choose Bitcoin? This is still a fiat world.