00:00 Speaker A
So, I want to talk more broadly about AI and agentic trading. Uh seems like the narrative is there, but people are waiting to see it start to happen. I do know that we still we do have hundreds of millions of transactions already by AI agents using crypto. Do you think that they’ll be using stable coins? You think they’ll be using all of these other tokens? What does it actually look like in practice, do you think?
00:30 Speaker B
Well, I think that they’ll use stable coins and other tokens for consumer AI agentic AI. But the one we’re really excited about is this machine-to-machine payments. So think about it, they’re going to pay fractions of a cent every time I make an API call on your system or every time I use one second of computing power. That’s going to all start to get paid for at that small and incremental level. And the agentic AI micro payments are going to pay one machine is going to pay another machine for use of its resources and that’s going to happen at millions of times a second. Like so fast that no human’s going to even be able to keep up with the volume. And that’s going to be all automated on these blockchain rails. So there’s going to just be surging utilization of these rails.
01:31 Speaker A
So the tokens and compute more than I I do think the booking the plane ticket as you said before will be a part of it, but.
01:37 Speaker B
That’s that’s going to be the fun part of it for you and me, but the really lucrative part of it is going to be these machine-to-machine micro payments.
01:46 Speaker A
I think Visa had a paper very recently where about about this and they sort of put it into two buckets, which was the consumer facing. Well they actually kind of made the argument that we’ll still use our credit cards to book those plane tickets, but maybe if I work for Visa I might be also not wanting to be the blockbuster to the future Netflix. But um, but that micro payments would effectively be, but it seems that you’re of the belief that eventually
02:16 Speaker B
Both of those buckets. I think it’s I think it’s the whole the whole system becomes so automated and so happening at your wallet level under the covers that you’re not even going to notice. Do you know how your web two apps work? No, we don’t know how they work. You’re not going to know how these agentic payments work either. It’s just going to happen, but you’re going to be able to see the evidence of that in terms of trillions of transactions moving onto these blockchains.