MoonPay Introduces PayBox for AI Agents
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Insights by Echo AI
MoonPay has launched PayBox, a non-custodial payment vault and wallet that enables AI agents like Anthropic's Claude and OpenAI's ChatGPT to securely transact across the open internet. PayBox uses Visa's agentic commerce protocol and x402 protocol to turn natural language into smart contract actions, allowing agents to exchange $PYUSD, trade on HyperliquidX, and move funds to the Robinhood Crypto Chain without leaving the chat application. It incorporates threshold cryptography (MPC) and Trusted Execution Environments (TEEs) to ensure no participant has custody of funds. PayBox allows Claude and ChatGPT users to move, trade, and spend money directly through prompts, with an autonomous mode for spending under preset caps.
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