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AI & Enterprise

Calls grow to expand broadcasting development fund into audiovisual media development fund including OTT

Debate over restructuring South Korea’s Broadcasting and Communications Development Fund has stalled for years, as some now call for expanding it into an “audiovisual media development fund” that also covers OTT services and platforms. Seoul National University professor Hong Jong-yoon proposed broadening contributors and using the money for regional and smaller media support and content diversity. Separately, calls persist to merge the fund with the Information and Communications Promotion Fund, a move repeatedly recommended by government evaluators.

Crypto

Ripple targets AI agent payments market with expanded XRP, RLUSD support

Ripple is expanding the use of the XRP Ledger in AI-based payments by adding support for XRP and its dollar-pegged stablecoin RLUSD to the Machine Payments Protocol developed by Stripe and Tempo. The integration is delivered through the XRPL AI Starter Kit 1.1, enabling developers to build AI agents that execute payments and manage blockchain wallets. Ripple also added payment channels and released new developer tools, while noting the change does not add crypto directly to Stripe’s existing products.

AI & Enterprise

Why payment company Stripe is betting big on OpenRouter

After months of takeover talk, reports say Stripe has agreed to buy AI inference routing service OpenRouter for more than $8 billion. OpenRouter connects developers and companies to multiple AI models through a single API and interface. Bankless writer David Christopher said the deal can be viewed through the lens of growing payment demand from AI agents. OpenRouter charges a 5.5 percent fee when users top up credits and had annualised revenue of about $140 million as of late July.