Payment credentials turned AI agents from spectators into actors
VGS strategy chief Terry Angelos tells a16z's Alex Rampell that credentials give agents arms and legs, but open card-network standards must settle who is liable when agents err.
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Affirm is a payment network, not a lender, investor argues
Fraser Christie of Sandstone Global Investment argues Affirm's underwriting and merchant network effects make it an American Express for the internet, though markets still price it like a lender.
Agentic card tokens went from zero to millions weekly
Terry Angelos, chief strategy officer of VGS, talks with Andreessen Horowitz's Alex Rampell about agents getting payment credentials, the wallet wars, and unresolved liability when an AI makes a purchase.