SingularityNET Announces New PayPal Integration
Chief Scientist & CEO of SingularityNET Ben Goertzel made an announcement about new support for traditional PayPal transactions to support AGI tokens purchased by the platform. Ben Goertzel reported the news at BlockShow Asia 2019.
Goertzelnoted that this new support gives new opportunities for the network promotion and overall growth.
The new feature provides SingularityNET the possibility to have a simple access to 286 mln users of PayPal. Previously, iterations of the network required customers to make payments for AI agents’ provided services in the marketplace by utilizing the AGI utility token. Yet, the traditional PayPal integration provides the network users the opportunity to easily use the decentralized marketplace without any experience in crypto sphere.
The feature works the following way: technology on the backend converts traditional PayPal transactions directly into AGI utility tokens driven by the SingularityNET AI agents that provide services on the network. All the process takes place invisibly, the user just makes the payment for AI services from an AI agent on the network with PayPal & obtains the required services.