PayPal Bets on Crypto AI Startup Kite in $18M Push for Autonomous Payments

TLDR: Kite secures $18M Series A led by PayPal Ventures and General Catalyst, reaching $33M total funding for agentic web infrastructure. Kite AIR introduces programmable identity and stablecoin payments for AI agents to transact across platforms like Shopify and PayPal. PayPal Ventures said Kite closes gaps in agent-to-agent payments with low fees, no chargebacks, and [...]

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