TLDR:
- Kite ensures the $ 18 million series led by Paypal Ventures and Catalyst General, which reaches the total financing of $ 33 million for agent website.
- Kite Air presents the programmable identity and stablocoin payments so that the agents of IA perform transactions between platforms such as Shopify and Paypal.
- Paypal Ventures said Kite closes the gaps in agent to agent with low rates, without returns of instantaneous charge and liquidation.
- The founders of Kite contribute experience of Databricks, Uber and Salesforce, with a history of AI, Blockchain already a large scale infrastructure.
Paypal is Duplicating about the future of digital payments. The company’s risk arm has directed an investment of $ 18 million in Kite, a startup focused on gathering cryptography and AI.
Kite is building tools that allow self -employed agents directly, without human intervention. The financing round, shared by PayPal and General Catalyst, pushes the total support of Kite to $ 33 million. Investors from all Crypto, Finance and Tech joined the increase.
Crypto and AI financing round of $ 18 million from Paypal Fuels Kite
Kite, once known as Zettableock, is positioning himself as the layer of trust for the agent network. The company’s infrastructure comes from years of experience that feed nets like Polygon, Bondand sui.
His last financing round generated 8VC participation, Samsung Next, Vertex Ventures, SBI Us Gateway Fund, Avalanche Foundation, Animoca Brands, GSR Markets, Hashed, Hashkey Capital, Layerzero, Alchemy and Capital Dispersion.
Alan Du de Paypal Ventures said that Kite is solving an important problem in agent to agent payments. Existing methods such as virtual cards cannot handle micro-transactions at machine speed.
He explained that the Kite system allows low -cost snapshots Liquidation using stablecoinswhile eliminating the risks of return return.
Marc Bhargava of General Catalyst added that Kite is building the rails for the machine economy. He pointed out the company’s ability to process payments as a key to future adoption.
This vision is attracting global attention. PayPal’s participation It points out the growing interest of traditional finance in cryptographic trade promoted by AI.
Kite Air brings Stablecoin payments to AI agents
Kite recently introduced its flagship platform, identity resolution of Kite Agent or Kite Air.
The system enables AI agents To authenticate, make payments and follow programmable rules while operating independently. It combines two key features: Agent Passport, which creates a verifiable identity and APP Store agent, where services can be purchased with Stablcoins.
Merchants in Shopify and PayPal can already opt for the platform. Once listed, they become discovered for AI agents, who can interact and pay in their name. Transactions are established in the chain, offering complete traceability and real -time monitoring.
PayPal Executive Steve Everett said that the combination of Stablecoins and Kite infrastructure unlocks new ways of supporting automated trade. He described the approach as a path to global and programmable payments with real -time audit and atomic settlement.
