Alchemy CEO Claims Crypto Was Designed for AI Agents, Not Humans

The existing financial system was not created with machines in mind. Instead, it was built around human limitations such as geographical location, sleep patterns, paperwork, and physical presence. However, as AI agents start to participate in the economy, this human-centric design is becoming a hindrance, according to Nikil Viswanathan, co-founder of the crypto firm Alchemy. "One could argue that cryptocurrency was built for AI agents, not humans," Viswanathan said. The disparity is evident everywhere. Banks have limited operating hours because humans do, payments are tied to countries because people live in them, and credit cards require physical identity and presence. In contrast, AI agents operate differently. They do not sleep, have no physical location, do not visit banks, and do not carry cards. Moreover, they are increasingly involved in transactions, not just assisting with tasks. "All transactions for agents are online and inherently global," Viswanathan told CoinDesk in an interview. This is where cryptocurrency starts to appear less like an alternative financial system and more like the native infrastructure for a new type of economic actor. Alchemy, a crypto infrastructure company, provides developers with the necessary tools and services to build blockchain-based applications, including APIs, node infrastructure, and data services. These tools power a range of applications, from financial apps to non-fungible tokens (NFTs) and games, enabling companies to build and scale on-chain products without managing the complexity of blockchain systems themselves. Traditional finance is built on the assumption of friction. For humans, paying someone in another country involves currency exchanges, intermediaries, delays, and fees, which is normal. However, for AI agents, this is unusable. Agents require seamless transactions across borders, at any time, often in small increments. They need programmability, direct control over money via code, and systems that do not depend on physical infrastructure or identity. Cryptocurrency offers exactly that: a global, always-on financial layer where value moves as easily as data. "Cryptocurrency is the global infrastructure for money that agents need," Viswanathan said. The complexity of cryptocurrency, including seed phrases, private keys, and interacting directly with code, is exactly what makes it powerful for machines. Unlike humans, agents operate natively in code. "Agents read in zeros and ones, which is their native language," he said. "This is also the language of cryptocurrency." For years, cryptocurrency has tried to simplify itself for human use. However, its underlying architecture was never really built for humans in the first place. Viswanathan compared the shift from cryptocurrency tools being built primarily for humans to cryptocurrency tools being used by AI agents to the shift from the postal system to the internet. While people once had to physically write out a letter, buy a stamp, and mail it to share messages globally, modern communication is much faster. "Email is far more powerful than the postal system because it is designed for computers," Viswanathan said. "Cryptocurrency is similar." Moving forward, AI agents will sit on top of cryptocurrency infrastructure, handling complexity automatically, managing wallets, executing transactions, and optimizing capital flows in real-time, allowing people to control their funds more easily. "You can write code to manage a cryptocurrency wallet," Viswanathan said. "You cannot write code to manage a bank account in the same way." The result would be a financial system that is more global, more programmable, and more autonomous. Viswanathan envisions a layered future: traditional finance and cryptocurrency as the base, an agent layer operating on top, and a human interface above that. "Just like computers operate the internet and humans use it, agents will operate finance," he said.