Grok Allows Buying and Requesting Cryptocurrency Loans

Grok, the artificial intelligence assistant on X, now enables cryptocurrency transactions through conversations. It uses PayBox, a tool from MoonPay for managing payments and digital credentials. Users can ask Grok to prepare a transaction and review the details before authorizing it with a passkey. The chatbot cannot complete the transaction without user confirmation. Features include buying and transferring cryptocurrencies across various networks, and PayBox is connected with Kamino, a Solana-based lending protocol. This advancement expands the use of AI assistants in finance, which until now were limited to answering queries. However, it introduces new risks, such as ambiguous instructions or system errors that can have economic consequences. Although the passkey requires confirmation before moving funds, users must verify the asset, network, and loan conditions. Additionally, the availability of features varies by geographic location and regulations. In 2026, attacks were documented where AI tools were used to identify vulnerabilities and automate operations, highlighting the importance of caution in these transactions.

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