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Exclusive: SingularityNET Announces Its New PayPal Integration

The bridge between crypto and fiat is getting more potent.

Talking on degree at BlockShow Asia 2019, Leader Scientist and CEO of decentralized AI market SingularityNET Ben Goertzel introduced new fortify for typical PayPal transactions to fortify the acquisition of the platform’s AGI tokens.

“We’re enthusiastic about this. It opens the door for brand spanking new tactics to advertise and develop the community,” Goertzel mentioned.

This transfer grants SingularityNET simple get right of entry to to PayPal’s 286 million customers. Previous iterations of this market required consumers to pay for AI products and services presented by means of AI brokers within the community the usage of the AGI application token. However this typical PayPal integration method customers don’t essentially want any enjoy with cryptocurrency to make use of the platform.

The era at the backend converts fiat PayPal transactions immediately into AGI application tokens. The ones tokens pressure the AI brokers that offer products and services on SingularityNET. It occurs invisibly, the consumer doesn’t wish to worry himself with AGI tokens in any respect. They only pay for AI products and services from an AI agent at the market with PayPal, and get the products and services they require.

The unification between the worlds of crypto and fiat is a standout development at BlockShow Asia 2019. Alchemy International Fee Answers CEO Patrick Ngan spoke at duration about his corporate’s product that seeks to do the similar factor.

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