"Everyone understands the appeal-imagine if you could have AI bots scurrying around to do your bidding, from booking flights to deploying a memecoin investing strategy based on Elon Musk's tweets. Louis Amira, the former head of crypto & AI partnerships at the fintech giant Stripe, argues that the main reason that's not possible yet is the lack of protocols allowing agents to speak with each other."
"Amira and his cofounder, Stripe's former head of crypto engineering David Noël-Romas, have raised $19.2 million for their new startup, Circuit & Chisel. Its first product is ATXP, a protocol that Amira described as the HTTP for agentic payments-and one that he hopes will maintain a more neutral stance than similar products already on the market, like Coinbase's x402."
"AI is still firmly in its picks and shovels era, and Circuit & Chisel's ATXP will be entering an increasingly crowded space, including Google releasing its own open-source protocol last week, in partnership with Coinbase, that will help AI applications send and receive money, including stablecoins."
The early internet required protocols like HTTP to enable seamless browsing. AI agents currently lack standardized protocols to coordinate with each other and access diverse external sources, limiting practical applications. Circuit & Chisel was founded by Louis Amira and David Noël-Romas and raised $19.2 million to build ATXP, a protocol intended to enable agentic payments similar to how HTTP enabled the web. ATXP aims for neutrality compared with offerings such as Coinbase's x402. The market is becoming crowded, with Google and Coinbase releasing an open-source payments protocol, and multiple investors backing competing approaches.
Read at Fortune
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