AI Agent Payments: A New Blue Ocean? Is the Coinbase/Cloudflare x402 Protocol Leading the Way?

-Disclaimer-

This content is for reference only. This is not a solicitation or offer to buy or sell any securities or other financial instruments. Any information, including facts, opinions, or citations, may be condensed or summarized and is current as of the date of writing. Information may change without notice, and Pando Limited ("Pando") has no obligation to ensure that you are notified of such updates. Investing in the related products mentioned in this content can involve significant risk of loss and is not suitable for all investors. Their valuation may fluctuate, which may result in you losing a substantial portion of your investment. Past performance is not indicative of future results. If an investment is denominated in a currency other than your base currency, changes in exchange rates may adversely affect the value, price, or income. You should not participate in this investment unless you fully understand the nature of the transaction you are entering into and the extent to which you may incur losses. If you do not fully understand these risks, you must seek independent advice from your financial advisor. Under no circumstances should this content be construed as an express or implied promise, guarantee, or implication from Pando that you will profit or that losses can or will be limited in any way. Investors should note that past performance is not indicative of future results.

Virtual assets are highly speculative and risky investments. Investors should exercise extreme caution when participating in these products. The legal status of virtual assets has not been clearly defined, which may affect the nature and enforceability of investors' rights and interests in such virtual assets. Research reports on virtual assets are not reviewed by regulatory authorities, and investors also cannot enjoy the protection of the Investor Compensation Fund. Virtual assets are not legal tender, and related transactions may be irreversible, so losses due to fraud or accidental trades may be irrecoverable. The value of virtual assets stems from the continued willingness of market participants to exchange them for fiat currency, meaning that if the market for a particular virtual asset disappears, its value may be completely and permanently lost. There is currently no guarantee that virtual assets will continue to be accepted as a means of payment in the future. The volatility and unpredictability of virtual asset prices relative to fiat currency can cause huge losses in a short period. Changes in legislation and regulation may also adversely affect the use, storage, transfer, trading, and value of virtual assets. Certain virtual asset trades may only be considered completed when recorded and confirmed by an SFC-licensed platform, which may differ from the time the client initiates the trade. The nature of virtual assets inherently exposes them to a higher risk of fraud or cyber attacks. Technical failures may also prevent clients of licensed platforms from trading virtual assets.

-About Pando-

Pando is a licensed company providing virtual asset management services. As a participant in the digital asset management field, Pando has obtained Type 1, Type 4, and Type 9 licenses from the Hong Kong Securities and Futures Commission and can provide virtual asset-related services. At the same time, Pando has obtained public offering fund qualifications and has issued two actively managed ETF products and two passively managed virtual asset ETF products. Through strategic positioning, Pando has accumulated rich experience in digital asset management and compliance, is committed to providing diversified investment solutions, and has attracted many investors.

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