Bitcoin Payments Will Power New Wave of AI Applications
A new set of tools has just been released that will purportedly allow AI applications, specifically large language models (LLMs), to use Bitcoin.
The tools, which are built on the L402 protocol, will enable LLM-based AIs to hold, send, and receive Bitcoin payments on both the Lightning Network and base-layer blockchain. They could also theoretically allow AI applications to charge for API access, which the team who released the tools believes could open up new possibilities for monetizing AI.
The release of these tools comes at a time when the AI industry is growing rapidly. In just the past few months, there have been major advances in the development of AI models. Those models are now being used in a wide variety of applications, including healthcare, finance, and customer service.
The ability to use Bitcoin has a high likelihood of making AI applications accessible to a wider range of users. Many AI applications these days require users to have a credit card in order to pay for access. However, most of the world’s population doesn’t have access to a credit card, nor can we forget that credit card fees can be quite high anyway.
It’s still too early to say what the long-term impact of these tools will be. However, they have the potential to revolutionize the way that AI applications are developed and they demonstrate another clear use case for Bitcoin-based payments.
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