Who's Liable When Your Agent Overpays?
Card networks have no reason code for an AI mistake, and nobody has decided who eats the loss.
Stripe's Crypto Card Settlement Path
A stablecoin card tap triggers two ledgers that have to agree before the merchant gets paid.
analysisThe Protocol War Nobody Wins
Adyen built a universal translator across three agent commerce protocols, and Stripe co-wrote one of them.
ai & mlAgentic AML Is Shipping
Three companies shipped AI agents that run real AML investigations, and their production numbers don't measure the same thing.
engineeringYour Own Services Are External
Edge-only validation protects against strangers but not against your own services passing bad data.
analysisBlock Wants Two Banks
Block already runs an FDIC-insured bank, so its application for an uninsured trust bank is about which charter fits which asset class.
fintechHow BaaS Providers Actually Work
BaaS providers rent you a bank charter through an API, and the architecture of that rental determines who holds the risk.
analysisCloudflare Gave AI Agents a Wallet
Cloudflare Wallets run on stablecoins and a 29-year-old HTTP status code because card networks can't price a sub-cent transaction.
analysisVisa's Stablecoin Settlement Hit $20 Billion
Visa settles $20 billion a year in USDC across nine blockchains, and it's already using the onchain data to underwrite working capital loans.
engineeringFive Clocks in Every Transaction
A single payment carries five timestamps that each answer a different question, and confusing any two is how you fail an audit.
analysisX Money Launched at 6% Yield
X Money offers 6% when the federal funds rate is 3.75% to 4%, and nobody has explained where the extra 200 basis points come from.