Agentic Payments - the Builder’s Perspective

Our general view is that we're going to live in a multi-chain world for a long time.

And we want to support all of the chains that our clients demand and want to use.

And I think that there are going to be only more chains that exist in the future.

And I think that it's exciting to see a lot of competition and innovation around certain chains that are optimized or focused on certain use cases.

And so I think it almost feels like we're on the third generation of chains.

You have Bitcoin and ETH as the first generation.

Then you had Solana and Polygon and Base as the second generation, and they got faster and cheaper.

And now you've got this third generation of Tempo, ARK, and Canton, arguably, which are just focused on different use cases.

They're focused on institutional capital markets.

They're focused on payments.

They're not focused on crypto.

They're not focused on meme coins.

And so we don't really have a strong perspective other than we know that everything that we build needs to be multi-chain.

And we want to be able to give our clients the flexibility to say, if you want to build a stablecoin native neobank on Solana, great.

We'll help you issue a card and accept settlement on Solana.

If you want to build an AI-native merchant endpoint on Tempo, great.

We'll work with you there.

We'll settle with you in a stable code on Tempo.

And so I think that the chain ecosystem is vibrant and competitive, and that's awesome.

And we're not going to pick winners or losers.

We're going to support a bunch of them and see where it goes.

We're clearly moving to a multi-chain world

as the opportunity set presents itself.

Stablecoins and building a payments chain is clearly massive.

And so I think that's why people are obviously tackling that path.

Our general view is that we're going to live in a multi-chain world for a long time.

And we want to support all of the chains that our clients demand and want to use.

And I think that there are going to be only more chains that exist in the future.

And I think that it's exciting to see a lot of competition and innovation around certain chains that are optimized or focused on certain use cases.

And so I think it almost feels like we're on the third generation of chains.

You have Bitcoin and ETH as the first generation.

Then you had Solana and Polygon and Base as the second generation, and they got faster and cheaper.

And now you've got this third generation of Tempo, ARK, and Canton, arguably, which are just focused on different use cases.

They're focused on institutional capital markets.

They're focused on payments.

They're not focused on crypto.

They're not focused on meme coins.

And so we don't really have a strong perspective other than we know that everything that we build needs to be multi-chain.

And we want to be able to give our clients the flexibility to say, if you want to build a stablecoin native neobank on Solana, great.

We'll help you issue a card and accept settlement on Solana.

If you want to build an AI-native merchant endpoint on Tempo, great.

We'll work with you there.

We'll settle with you in a stable code on Tempo.

And so I think that the chain ecosystem is vibrant and competitive, and that's awesome.

And we're not going to pick winners or losers.

We're going to support a bunch of them and see where it goes.

We're clearly moving to a multi-chain world

as the opportunity set presents itself.

Stablecoins and building a payments chain is clearly massive.

And so I think that's why people are obviously tackling that path.