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When you use a credit card, a 1¢ payment costs 31¢. That math doesn't work for AI agents making thousands of tiny payments a day. Sam Ragsdale of Merit Systems explains why stablecoins could be the rail the agent economy runs on.

80,324 görüntüleme • 7 gün önce •via X (Twitter)

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Stripe invited us to their MPP IRL event to speak with product leaders in agentic commerce. In this MTS Exclusive, sophia dew sat down with Jen Lee, Jen (product lead for machine payments at Stripe), Sam Ragsdale, Sam Ragsdale (CEO of Merit Systems), and Dan Romero, Dan Romero (business lead at Tempo) to discuss the future of agentic commerce: Product Lead, Stripe, Jen Lee 03:29 the 1990s status code MPP runs on 05:27 why agentic commerce hasn't taken off 07:18 "stateless SaaS" 08:05 what Patreon looks like at a fraction of a cent 09:21 chaining Browserbase and PostalForm to plan a trip 10:47 a live on-chain purchase from one prompt 12:04 the new test of a good product 14:50 "probably the first 1,000 people to have ever made a machine payment" CEO of Merit Systems, Sam Ragsdale 16:40 why the internet's architecture is wrong for agents 18:07 why ads don't work on agents 19:18 the SEO slop war, agent versus agent 22:20 when your empathetic AI becomes merchant-aligned 25:43 twenty years of teaching developers that bots are bad 27:00 the slow lane and the fast lane 28:11 $60B in 2016, $300B last year 31:39 the three unsolved problems Business Lead at Tempo, Dan Romero 33:47 payments over meme coin trades 34:12 what's actually wrong with existing rails 35:50 what the Genius Act unlocked 40:14 why your card number is a password 41:13 no chargebacks 42:03 why agents adopt what consumers won't 45:44 5% of US-Mexico remittances, over WhatsApp 51:26 twelve years in crypto and the first real impact

MTS

26,976 görüntüleme • 26 gün önce

Inside Stripe's MPP IRL: machine payments, stablecoins, and the future of agent commerce. Agents are starting to pay for things on their own: API calls, services, each other. Nobody's agreed on how that should work. This panel was three takes on it. Jen (Stripe) leads product for Machine Payments — the open standard for how agents pay for things. Dan Romero (Tempo) is building stablecoin payment rails, and thinks that's what agent commerce runs on, not cards. Michael Blau (Royal) magician turned a16z Crypto partner turned CTO is exploring programmable money for creators, and why the demand side is barely here yet. We got into: • Why HTTP 402, a status code from the early web, is suddenly the backbone of agent payments • Why Dan thinks a credit card is a private key and why stablecoins are safer for agents • Where stablecoins actually win first • Whether you should build for agent payments now or wait • Why the demand side is "virtually nonexistent" and what that means if you're building 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Event Kickoff JEN LEE — Product Lead, Stripe (00:44) What the Machine Payments Protocol Is (01:28) How MPP Works — the HTTP 402 Payment Challenge (03:25) Adoption So Far: ~30,000 Transactions (04:04) Building Trust — Shared Tokens & the Link Agent Wallet (05:56) What the Creator Economy Looks Like When the Audience Is Agents (07:15) What She Was Certain About at 22 That's Now Wrong DAN ROMERO — GTM, Tempo (08:34) Meet Dan (08:49) Why Stablecoins, and the Genius Act Tailwind (09:48) "A Credit Card Is Basically a Private Key" (11:19) Should Every Company Be Thinking About MPP? (13:03) What to Be Wary Of (15:15) Where Stablecoins Win — Payouts, Remittances, DoorDash MICHAEL BLAU — CTO, Royal (16:36) Meet Michael (17:13) From Magician to a16z Crypto to CTO (17:57) Team Over Idea — His a16z Takeaway (18:26) "The Demand Side Is Virtually Nonexistent" (19:03) Closing

Julia Fedorin

24,128 görüntüleme • 13 gün önce

Last week, Mastercard, Visa, Ripple & Coinbase 🛡️ all shipped payment rails for AI agents. Every one of them reached for stablecoins Instead of traditional cards. A choice that is the whole story 👇🏻 ◢ An unpriced problem Card networks are built around a human pressing approve. One purchase, one confirmation, a fee that only makes sense above a certain size. Agents don’t work like that. They pay continuously, programmatically, often in fractions of a cent, for things like an API call or a second of compute. A bot paying $0.004 a thousand times an hour is a transaction pattern the card model physically can’t process at a profit. The rails we built for people don’t fit the machines. ◢ Four giants, one answer On june 3 mastercard opened card settlement in stablecoins across eight chains. On june 10 it launched Agent Pay for Machines, letting agents settle in stablecoins with permissions recorded onchain. The same day, ripple shipped a toolkit putting RLUSD and the x402 standard under agent payments, visa announced an agentic commerce tie-up with openai, and coinbase switched on agentic trading. Four of the biggest names in payments moved in a single week and all landed on the same primitive. ◢ Why it had to be stablecoins Strip out the branding and the requirements are mechanical. The money has to be programmable, so code can hold and move it without a bank in the loop. It has to clear sub-cent payments, which card fees make impossible. It also has to settle in seconds with finality, because that’s the speed agents run at. And it has to be always on, because machines don’t take weekends. A dollar in a bank account fails most of those, while a dollar as a stablecoin passes all of them. ◢ Conclusive Insights For years stablecoins were pitched at consumers who already had working banks and mostly didn’t bite. The adoption story kept underdelivering because the product was aimed at the wrong buyer. The agent economy doesn’t have that problem. It has no legacy banking relationship, no human patience, and no other option that clears at machine speed. The demand that stablecoins were always promised is finally showing up, but not from the customer everyone expected. My take: the entire stablecoin debate was framed around human payments, which is why it kept stalling.

Onur 🍌🦍

13,727 görüntüleme • 2 ay önce

So far, machine payments have mostly been about businesses accepting stablecoins. And stablecoins are great (cross-border, low cost, etc.)! But much of the planet is holding a card. 🤖 💳 🌎 Here’s a 📺 sneak peek demo from Steve Kaliski of how a business can programmatically accept cards via agents. As an example: Stripe Climate is a way to contribute to carbon removal funding. Stripe Climate implemented the Machine Payments Protocol using the Stripe API, so agents can make micropayment donations ( In addition to accepting stablecoin (specifically usdc on Tempo), agents can now pay with fiat methods, namely cards and Link (and soon buy-now-pay-laters) via Shared Payment Tokens (SPTs), using the same Machine Payments Protocol integration. Human buyers, their agents, and businesses each have their own preferred methods of payment. Humans often already have a card. Agents may prefer stablecoins. Businesses tend to want to accept any form of payment, as long as it is high conversion, low fraud, and properly priced. For microtransactions, stablecoins are a low-cost way (no fixed card fee) to transact. But if you want to tell your agent to donate $100 on your behalf, a card may be the preferred solution. If you’re a business and want to accept machine payments, whether over stablecoins, cards, Link, or other future methods, read about Shared Payment Tokens ( and sign up for our machine payments private preview: And stay tuned: more to make it easy for consumers, agents, and businesses to transact, shipping over the next few weeks. (And excuse the acronyms and specifics terms, there's a lot of new infrastructure and primitives being built to support agentic commerce.)

Jeff Weinstein

21,635 görüntüleme • 4 ay önce