Mar. 2 at 7:53 PM
$PYPL As long as people are making money, people will be paying for goods and service. Some people may decide to have agents spend their money, but, agents will be spending "people's" money-- not vice versa . Let's just say after giving my wife the agency to spend my money, I'm not jumping out of suit to grant agency to an agent to spend my money. So, if the bear thesis around payments right now is that agentic commerce is going to bypass the "payments" players in favor of stable coins, it's a pretty weak thesis. At the end of the day, it comes down to installed base. And, if the market is worried about whether the retailers decide to move to stable coin transactions instead of
$MA $V $COF $AXP , then the market is stupid. The sheer cost to fund the maintenance , not to mention the outlay to custody is far greater than 0-3% transaction take. Plus, can you imagine the sales hit, as customers are told their preferred methods of payment aren't accepted? silly.
