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2026-08-31 10:33:44

Alipay chief puts crypto payments on the AI agenda as Ant builds onshore AI checkout and Hong Kong stablecoin plans

Ant Group CEO and Alipay chairman Han Xinyi used a recent China payment industry forum to sort global AI payment efforts into four camps: payment technology platforms led by Stripe, crypto firms represented by Circle and Coinbase, card networks led by Visa and Mastercard, and AI platforms represented by Google and OpenAI. The framing drew attention because Han explicitly described crypto as a medium for automated machine-to-machine payments, a notable formulation in a market where public messaging on cryptocurrencies has stayed cautious. The article ties that remark to Ant’s own push in AI payments. As of the end of May 2026, Alipay had processed more than 300 million AI payment transactions, with coverage across 95% of major general-purpose agent frameworks, including devices and platforms tied to Tongyi Qianwen, Rokid, Li Auto, Chery, Geely, Qoder and Coze. Han described the structure as one in which agents execute tasks while tokens carry value. The report also points to on-chain data showing where scale has emerged. Keyrock and Coinbase said AI agents completed about 176 million on-chain transactions from May 2025 to April 2026, with average ticket sizes of $0.31 to $0.48. Coinbase separately said its x402 protocol has handled more than 205 million transactions worth $53 million, with USDC accounting for 99% of on-chain agent commerce transactions.

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