What Happens When AI Agents Can Spend Your Money?
AI agents gaining payment credentials is triggering a 'wallet war' among financial platforms
“I call this the 'wallet war,' as all wallets are now competing to connect with agents”
a16z partner Alex Rampell discusses how AI agents have rapidly evolved from passive observers to active economic actors by gaining access to payment credentials, enabling autonomous purchasing. This shift is driving competition among payment platforms and wallets to become the preferred infrastructure for agent-initiated transactions. VGS, which already secures ~1/3 of US e-commerce GMV, is positioning itself as a key intermediary for delivering payment credentials to AI agents and merchants.