Crypto.com recently unveiled an AI-powered user assistant to inform users about industry insights. The assistant, named Amy, is designed to provide real-time updates on token prices, ongoing projects, and historical events. This innovative feature allows users to stay up-to-date with the latest developments in the cryptocurrency world, and then make more informed decisions about their investments.
The prevalence of artificial intelligence (AI) is becoming more apparent in various industries worldwide. The cryptocurrency industry is the latest initiative to adopt this technology, as Crypto.com has recently announced its new generative AI user assistant.
On May 2, Crypto.com unveiled “Amy,” their new AI companion designed to provide users with up-to-date information about the industry, including real-time token prices, ongoing projects, historical events, and more. The announcement stated that Amy, based on ChatGPT technology, is currently in its pilot phase to gather learnings before future expansion.
Abhi Bisarya, the Executive Vice President of Products at Crypto.com, expressed his bullish outlook on using AI in cryptocurrency. With the launch of Amy, Crypto.com aims to enhance user experience and enable them to make more informed investment decisions.
“Similar to other industries, we recognize the tremendous potential and opportunity in integrating AI with the cryptocurrency industry and our platform in particular.”
According to a spokesperson from Crypto.com, although it is still early days for generative AI technology, there is tremendous potential for significant positive implications across various industries if implemented responsibly. While the company expects feedback from the AI pilot, it plans to integrate the findings into future upgrades.
“This is particularly relevant for the cryptocurrency sector, where AI can play a crucial role in providing users with a more comprehensive understanding of the underlying technology and financial services.”
Crypto.com is not the only cryptocurrency exchange and wallet integrating AI into its platform. The OKX exchange has recently introduced an AI algorithm to track the cryptocurrency market’s volatility. Solana Labs also announced its ChatGPT-based plugin that uses AI to fetch blockchain data, check wallet balances, transfer tokens, and purchase non-fungible tickets.
Binance has also introduced an AI chatbot as part of its Web3 academy, focusing on educating users. Bitget, a digital asset trading platform, and cryptocurrency exchange, has committed $10 million towards advancing the Fetch.ai ecosystem. As part of this initiative, the platform will offer marketing consultations and other services to support Fetch’s business network expansion.
Crypto.com’s new AI-powered user assistant, Amy, provides real-time updates and valuable insights for investors, representing a significant step towards integrating AI with the cryptocurrency industry. As Crypto.com and other platforms continue to explore the possibilities of AI, we can expect to see even more advanced features and capabilities that improve the user experience and provide greater value to investors.
Ken Emmanuel is a Blockchain Content writer, a Web3 Enthusiast and a Social Media Management Strategist, he likes writing educative contents to help people gain more knowledge and get inspired. The growth of any organization he work with is always his priority. He is a Geographer by profession and loves reading.