Key facts
- MoonPay launched a new product called PayBox.
- PayBox is a vault that integrates with AI chatbots.
- Users can interact with ChatGPT and Claude via PayBox.
- PayBox enables crypto purchases, token swaps, and cross-chain transactions.
- Transactions are authorized using natural language prompts.
- Users retain custody of their crypto assets.
- Asset custody is secured through passkey approval.
- Users can set spending limits within the vault.
MoonPay has introduced a new product called PayBox, designed to facilitate cryptocurrency transactions through the use of AI chatbots such as ChatGPT and Claude. This innovative vault enables users to authorize various crypto activities, including purchases, token swaps, and cross-chain transactions, by simply using natural language prompts. A key feature of PayBox is that it allows users to retain full custody of their digital assets. This is achieved through a security mechanism that requires passkey approval for transactions. Alternatively, users can set predefined spending limits within the vault to manage their transactions. The integration aims to simplify the process of interacting with cryptocurrencies by leveraging the conversational capabilities of advanced AI models.