[
  {
    "startMs": 1309,
    "text": "[music]"
  },
  {
    "startMs": 12560,
    "text": ">> Hello everyone."
  },
  {
    "startMs": 14240,
    "text": "Uh last year here at AI Engineer World"
  },
  {
    "startMs": 16440,
    "text": "Fair, uh David Cramer from Sentry had a"
  },
  {
    "startMs": 18680,
    "text": "mildly provocative talk called MCP isn't"
  },
  {
    "startMs": 21200,
    "text": "good yet. And back then, MCP was the new"
  },
  {
    "startMs": 23840,
    "text": "kid on the block, right? Uh it was like"
  },
  {
    "startMs": 25360,
    "text": "a lot of hype around it. People were,"
  },
  {
    "startMs": 26840,
    "text": "you know, were excited about it. But"
  },
  {
    "startMs": 28400,
    "text": "also like it wasn't really developed"
  },
  {
    "startMs": 30080,
    "text": "back then very much and it was very"
  },
  {
    "startMs": 32119,
    "text": "clunky. And in this talk, David argued,"
  },
  {
    "startMs": 34440,
    "text": "\"Hey, like this technology is cool, but"
  },
  {
    "startMs": 36720,
    "text": "it has like a lot of rough edges, right?"
  },
  {
    "startMs": 38040,
    "text": "So just you know, go play with it, but"
  },
  {
    "startMs": 39520,
    "text": "you know, have your expectations low,"
  },
  {
    "startMs": 41320,
    "text": "right?\""
  },
  {
    "startMs": 42480,
    "text": "By the way,"
  },
  {
    "startMs": 43720,
    "text": "they went on and actually built one of"
  },
  {
    "startMs": 45320,
    "text": "the best MCP servers on the market,"
  },
  {
    "startMs": 46680,
    "text": "right? Like Sentry MCP is is is really"
  },
  {
    "startMs": 48120,
    "text": "like very well-designed server, like"
  },
  {
    "startMs": 50480,
    "text": "nice nice design and so on."
  },
  {
    "startMs": 52720,
    "text": "And actually over the the last year, uh"
  },
  {
    "startMs": 54800,
    "text": "MCP became like a standard that's"
  },
  {
    "startMs": 56680,
    "text": "actually widely adopted, you know,"
  },
  {
    "startMs": 57840,
    "text": "across the industry. Like the top AI"
  },
  {
    "startMs": 59800,
    "text": "engines like Claude and ChatGPT,"
  },
  {
    "startMs": 61680,
    "text": "actually uh Claude offers MCP"
  },
  {
    "startMs": 63800,
    "text": "connectors, right? So you can plug tools"
  },
  {
    "startMs": 65840,
    "text": "into your AI agents. Uh"
  },
  {
    "startMs": 67960,
    "text": "uh ChatGPT calls it MC calls it apps,"
  },
  {
    "startMs": 70600,
    "text": "but you can also like, you know,"
  },
  {
    "startMs": 72400,
    "text": "directory of different services you can"
  },
  {
    "startMs": 73880,
    "text": "plug into your Claude. And it actually"
  },
  {
    "startMs": 75280,
    "text": "became a standard thing for"
  },
  {
    "startMs": 77480,
    "text": "agent-to-agent interaction, right? And"
  },
  {
    "startMs": 79440,
    "text": "uh"
  },
  {
    "startMs": 80280,
    "text": "uh despite a little little hate also"
  },
  {
    "startMs": 82960,
    "text": "about MCP, you know, I have yet to see"
  },
  {
    "startMs": 85280,
    "text": "CI connectors in any of these agents,"
  },
  {
    "startMs": 87000,
    "text": "right? So MCP won."
  },
  {
    "startMs": 89200,
    "text": "And so, inspired by David's talk, uh"
  },
  {
    "startMs": 92640,
    "text": "today uh I have a similar talk uh which"
  },
  {
    "startMs": 94880,
    "text": "is called X 402 isn't good"
  },
  {
    "startMs": 97040,
    "text": "yet."
  },
  {
    "startMs": 98280,
    "text": "And in that talk, I would like to argue,"
  },
  {
    "startMs": 99920,
    "text": "you know, that uh while X 402 is very"
  },
  {
    "startMs": 101600,
    "text": "exciting technology, it has also still"
  },
  {
    "startMs": 103600,
    "text": "some rough edges, you know. And perhaps"
  },
  {
    "startMs": 105480,
    "text": "if I do it as well, we'll also build one"
  },
  {
    "startMs": 107720,
    "text": "of the best integrations with our X 402"
  },
  {
    "startMs": 110560,
    "text": "on the market like Sentry did with MCP."
  },
  {
    "startMs": 113600,
    "text": "My name is Jan Černý. I'm the founder"
  },
  {
    "startMs": 114880,
    "text": "and CEO of Apify. And uh for those who"
  },
  {
    "startMs": 117200,
    "text": "don't know, Apify is the largest"
  },
  {
    "startMs": 119200,
    "text": "marketplace of tools for AI."
  },
  {
    "startMs": 121680,
    "text": "Uh"
  },
  {
    "startMs": 122480,
    "text": "we have about 45,000 of these tools. Uh"
  },
  {
    "startMs": 125320,
    "text": "we call them actors."
  },
  {
    "startMs": 126720,
    "text": "And they are spending use cases like,"
  },
  {
    "startMs": 128399,
    "text": "you know, extraction of data from social"
  },
  {
    "startMs": 129640,
    "text": "media sites, e-commerce, hospitality,"
  },
  {
    "startMs": 132000,
    "text": "travel, search engines, maps, but over"
  },
  {
    "startMs": 134440,
    "text": "time also like"
  },
  {
    "startMs": 136000,
    "text": "AI agents or agentic use cases, you"
  },
  {
    "startMs": 137920,
    "text": "know, different automations and so on,"
  },
  {
    "startMs": 139520,
    "text": "right?"
  },
  {
    "startMs": 141160,
    "text": "And some of these tools, some of these"
  },
  {
    "startMs": 143560,
    "text": "actors are built by our community, some"
  },
  {
    "startMs": 145600,
    "text": "are built by us, and our community is is"
  },
  {
    "startMs": 148320,
    "text": "making now more than $1 million per"
  },
  {
    "startMs": 150320,
    "text": "month on on payouts by selling these"
  },
  {
    "startMs": 152520,
    "text": "tools, right? So"
  },
  {
    "startMs": 154160,
    "text": "they build the tools, we sell them to to"
  },
  {
    "startMs": 156080,
    "text": "to users, and you know, we pass the"
  },
  {
    "startMs": 158080,
    "text": "money to them. And so it's a thriving"
  },
  {
    "startMs": 159720,
    "text": "marketplace."
  },
  {
    "startMs": 160920,
    "text": "And I guess by now everybody understands"
  },
  {
    "startMs": 162320,
    "text": "like why we are so excited about agentic"
  },
  {
    "startMs": 164040,
    "text": "payments, right? Because we really want"
  },
  {
    "startMs": 166600,
    "text": "our tools to be easily accessible to"
  },
  {
    "startMs": 168720,
    "text": "agents, like wherever they are, with"
  },
  {
    "startMs": 170480,
    "text": "whatever protocol is out there."
  },
  {
    "startMs": 173400,
    "text": "Uh just 2 days ago we launched uh"
  },
  {
    "startMs": 175959,
    "text": "together with with Coinbase our our XYO"
  },
  {
    "startMs": 178320,
    "text": "2 integration."
  },
  {
    "startMs": 179720,
    "text": "Uh I would say the the launch went"
  },
  {
    "startMs": 181560,
    "text": "pretty viral. We got like 1 million"
  },
  {
    "startMs": 183160,
    "text": "views."
  },
  {
    "startMs": 184200,
    "text": "Uh"
  },
  {
    "startMs": 185120,
    "text": "and"
  },
  {
    "startMs": 187560,
    "text": "before before this launch, there were"
  },
  {
    "startMs": 189560,
    "text": "about like 2,000 tools available on the"
  },
  {
    "startMs": 192239,
    "text": "on the agentic uh"
  },
  {
    "startMs": 194440,
    "text": "market uh basically on XYO XYO 2."
  },
  {
    "startMs": 198040,
    "text": "We brought another 20,000 tools. So"
  },
  {
    "startMs": 199760,
    "text": "basically we 10X 10X the size of the of"
  },
  {
    "startMs": 201600,
    "text": "the agentic market uh on XYO XYO 2. So"
  },
  {
    "startMs": 204519,
    "text": "this is very exciting for us and I I we"
  },
  {
    "startMs": 206160,
    "text": "we believe also for the community."
  },
  {
    "startMs": 209440,
    "text": "And actually we're very excited about"
  },
  {
    "startMs": 211519,
    "text": "this topic like long term. So actually"
  },
  {
    "startMs": 213160,
    "text": "last year here at AI Engineer World's"
  },
  {
    "startMs": 214760,
    "text": "Fair, I was the only one talking about"
  },
  {
    "startMs": 216720,
    "text": "the agentic commerce and agentic economy"
  },
  {
    "startMs": 218320,
    "text": "in general."
  },
  {
    "startMs": 219519,
    "text": "And really argued that that like in a"
  },
  {
    "startMs": 221880,
    "text": "couple of years, like the most most of"
  },
  {
    "startMs": 223800,
    "text": "the economic economic activity in the"
  },
  {
    "startMs": 225000,
    "text": "world will be done autonomously between"
  },
  {
    "startMs": 226519,
    "text": "agents."
  },
  {
    "startMs": 227680,
    "text": "And actually it looks like uh"
  },
  {
    "startMs": 229760,
    "text": "uh"
  },
  {
    "startMs": 230640,
    "text": "really"
  },
  {
    "startMs": 231640,
    "text": "uh"
  },
  {
    "startMs": 232360,
    "text": "it picked up. Uh I think like now"
  },
  {
    "startMs": 234160,
    "text": "everybody understands that agents, in"
  },
  {
    "startMs": 236360,
    "text": "order to get work done or like longer"
  },
  {
    "startMs": 238320,
    "text": "jobs without human intervention, they"
  },
  {
    "startMs": 240680,
    "text": "will actually need to have budget as"
  },
  {
    "startMs": 242080,
    "text": "well, right? It's It's not like"
  },
  {
    "startMs": 245120,
    "text": "you can do a lot of things in this world"
  },
  {
    "startMs": 246760,
    "text": "without without money. And once agents,"
  },
  {
    "startMs": 249520,
    "text": "you know, can be trusted with money,"
  },
  {
    "startMs": 251440,
    "text": "they will complete like far longer and,"
  },
  {
    "startMs": 253640,
    "text": "you know, more complex tasks than they"
  },
  {
    "startMs": 255040,
    "text": "can do now. So, obviously, a lot of"
  },
  {
    "startMs": 257519,
    "text": "people understand this"
  },
  {
    "startMs": 259160,
    "text": "across the industry."
  },
  {
    "startMs": 260680,
    "text": "So, over the past year or so, we saw a"
  },
  {
    "startMs": 263440,
    "text": "lot of new standards or agentic payments"
  },
  {
    "startMs": 265680,
    "text": "protocol coming to the market because,"
  },
  {
    "startMs": 266840,
    "text": "obviously, every player in finance or or"
  },
  {
    "startMs": 270200,
    "text": "payments is very excited about this"
  },
  {
    "startMs": 271640,
    "text": "opportunity because everybody wants to"
  },
  {
    "startMs": 273040,
    "text": "get a part of this of this like huge"
  },
  {
    "startMs": 275960,
    "text": "future"
  },
  {
    "startMs": 277160,
    "text": "agentic economy and"
  },
  {
    "startMs": 279160,
    "text": "and transaction volume."
  },
  {
    "startMs": 281440,
    "text": "So, first was L402."
  },
  {
    "startMs": 283800,
    "text": "It was like in mid 2020."
  },
  {
    "startMs": 286600,
    "text": "But then, MasterCard Agent Pay, we have"
  },
  {
    "startMs": 289400,
    "text": "X242 like Coinbase in my last year, KY"
  },
  {
    "startMs": 292600,
    "text": "Pay from Skyfire with Visa,"
  },
  {
    "startMs": 295000,
    "text": "API 2 by Google, ACP by OpenAI and"
  },
  {
    "startMs": 298080,
    "text": "Stripe, Tab by Visa,"
  },
  {
    "startMs": 300440,
    "text": "UCP by Google and Shopify, ACTP by"
  },
  {
    "startMs": 302360,
    "text": "Alipay, MPP by Stripe and Tempol, AMP by"
  },
  {
    "startMs": 305560,
    "text": "Alipay, Apple by UnionPay, APP by OKX,"
  },
  {
    "startMs": 309200,
    "text": "and finally, Agent Pay for Machines by"
  },
  {
    "startMs": 311320,
    "text": "MasterCard. You can see this is really"
  },
  {
    "startMs": 313640,
    "text": "becoming a heated battleground"
  },
  {
    "startMs": 315880,
    "text": "and for the future of the agentic"
  },
  {
    "startMs": 317280,
    "text": "commerce."
  },
  {
    "startMs": 318800,
    "text": "And [snorts]"
  },
  {
    "startMs": 320560,
    "text": "it's really hard to sort of keep track"
  },
  {
    "startMs": 321880,
    "text": "of all the standards"
  },
  {
    "startMs": 323400,
    "text": "and all the technologies. We're trying"
  },
  {
    "startMs": 324919,
    "text": "to."
  },
  {
    "startMs": 325960,
    "text": "But, I would say for crypto world,"
  },
  {
    "startMs": 328840,
    "text": "actually, Swix asked all the speakers"
  },
  {
    "startMs": 330520,
    "text": "not to use sloppy AI-generated images in"
  },
  {
    "startMs": 332840,
    "text": "presentations, but I couldn't resist"
  },
  {
    "startMs": 334480,
    "text": "myself here. Um"
  },
  {
    "startMs": 336800,
    "text": "I think for crypto world, like the"
  },
  {
    "startMs": 338320,
    "text": "agentic commerce has been like super"
  },
  {
    "startMs": 339520,
    "text": "exciting news like because finally,"
  },
  {
    "startMs": 341600,
    "text": "there is like really solid use case for"
  },
  {
    "startMs": 343120,
    "text": "crypto except for like trading trading"
  },
  {
    "startMs": 345040,
    "text": "and gambling, buying illegal substances"
  },
  {
    "startMs": 349040,
    "text": "on marketplaces and hiding money away"
  },
  {
    "startMs": 350520,
    "text": "from your spouses, right? So, finally,"
  },
  {
    "startMs": 353200,
    "text": "agentic commerce really brings the like"
  },
  {
    "startMs": 355040,
    "text": "long-sought like use case for crypto"
  },
  {
    "startMs": 357320,
    "text": "that that I actually think is is pretty"
  },
  {
    "startMs": 358680,
    "text": "solid. And I'm not like a crypto bro"
  },
  {
    "startMs": 360480,
    "text": "myself. I I'm not holding anything."
  },
  {
    "startMs": 362680,
    "text": "Actually, I was fairly skeptical to"
  },
  {
    "startMs": 364520,
    "text": "crypto all the time."
  },
  {
    "startMs": 365800,
    "text": "But I feel that crypto is really well"
  },
  {
    "startMs": 367880,
    "text": "suited for agentic commerce or agentic"
  },
  {
    "startMs": 370520,
    "text": "uh payments. Why? Because the"
  },
  {
    "startMs": 372320,
    "text": "traditional payment methods"
  },
  {
    "startMs": 374040,
    "text": "uh designed for people are super"
  },
  {
    "startMs": 376760,
    "text": "expensive, right? And you know,"
  },
  {
    "startMs": 379000,
    "text": "uh like credit cards, PayPal, or you"
  },
  {
    "startMs": 381200,
    "text": "know, ACH and bank debit, they cannot be"
  },
  {
    "startMs": 383480,
    "text": "used for microtransactions. They are"
  },
  {
    "startMs": 384720,
    "text": "just very ineffective uh as we saw in"
  },
  {
    "startMs": 386560,
    "text": "previous presentation as well."
  },
  {
    "startMs": 388760,
    "text": "So, but there's another problem."
  },
  {
    "startMs": 391440,
    "text": "There are buyer disputes. Like anybody"
  },
  {
    "startMs": 393200,
    "text": "who's selling things online,"
  },
  {
    "startMs": 395200,
    "text": "you know that uh there are some people"
  },
  {
    "startMs": 397680,
    "text": "who sort of like buy certain services"
  },
  {
    "startMs": 399080,
    "text": "from your website and then dispute the"
  },
  {
    "startMs": 400440,
    "text": "payment and ask for refund, you know, or"
  },
  {
    "startMs": 403120,
    "text": "or dispute it through their bank and you"
  },
  {
    "startMs": 404840,
    "text": "have to pay for that. Like"
  },
  {
    "startMs": 407520,
    "text": "in like traditional like well, human"
  },
  {
    "startMs": 408960,
    "text": "economy,"
  },
  {
    "startMs": 410520,
    "text": "there are some trust signals you can you"
  },
  {
    "startMs": 411880,
    "text": "you can do with the credit credit cards,"
  },
  {
    "startMs": 413280,
    "text": "you know, uh"
  },
  {
    "startMs": 414480,
    "text": "like Stripe and and others have"
  },
  {
    "startMs": 415960,
    "text": "different services to prevent fraud and"
  },
  {
    "startMs": 417560,
    "text": "so on."
  },
  {
    "startMs": 418560,
    "text": "But in agentic interaction, like you"
  },
  {
    "startMs": 421040,
    "text": "really have no idea who the agent is."
  },
  {
    "startMs": 422720,
    "text": "Like there's no agent identity. I mean,"
  },
  {
    "startMs": 424560,
    "text": "there are some standards being"
  },
  {
    "startMs": 425320,
    "text": "developed, but it's really not clear uh"
  },
  {
    "startMs": 427960,
    "text": "who are you transacting with. So, you"
  },
  {
    "startMs": 429960,
    "text": "just can't allow"
  },
  {
    "startMs": 431520,
    "text": "them to dispute the payments. You really"
  },
  {
    "startMs": 433160,
    "text": "need it it needs to be a one-way"
  },
  {
    "startMs": 434360,
    "text": "transaction and it needs to be like safe"
  },
  {
    "startMs": 436520,
    "text": "for you."
  },
  {
    "startMs": 437520,
    "text": "Right? So, I think uh"
  },
  {
    "startMs": 439680,
    "text": "crypto is is is a super position for"
  },
  {
    "startMs": 440880,
    "text": "that. But also, there's important part"
  },
  {
    "startMs": 443800,
    "text": "uh"
  },
  {
    "startMs": 444520,
    "text": "crypto, if done well, is like truly"
  },
  {
    "startMs": 446720,
    "text": "decentralized blockchain where where no"
  },
  {
    "startMs": 448320,
    "text": "company has like majority of of, you"
  },
  {
    "startMs": 450480,
    "text": "know, of the of the of the of the vote"
  },
  {
    "startMs": 451880,
    "text": "in the network,"
  },
  {
    "startMs": 453200,
    "text": "it can be really decentralized and it"
  },
  {
    "startMs": 455560,
    "text": "can be like a public standard, you know,"
  },
  {
    "startMs": 457200,
    "text": "not owned by a single company who, for"
  },
  {
    "startMs": 459400,
    "text": "example, like Visa or MasterCard, sort"
  },
  {
    "startMs": 461120,
    "text": "of would abuse their dominant power, you"
  },
  {
    "startMs": 463200,
    "text": "know, to to extract fees from the from"
  },
  {
    "startMs": 464960,
    "text": "the from the system."
  },
  {
    "startMs": 466520,
    "text": "So, I am I'm very very bullish on crypto"
  },
  {
    "startMs": 468400,
    "text": "in this in this space and uh"
  },
  {
    "startMs": 471600,
    "text": "there are basically like currently two"
  },
  {
    "startMs": 473320,
    "text": "largest uh crypto payment uh providers"
  },
  {
    "startMs": 476120,
    "text": "for any payments. One is XRO2 from from"
  },
  {
    "startMs": 478400,
    "text": "Coinbase and second was in this MPP,"
  },
  {
    "startMs": 480720,
    "text": "machine payments protocol from Stripe."
  },
  {
    "startMs": 482840,
    "text": "Looking at the stats uh just yesterday,"
  },
  {
    "startMs": 485640,
    "text": "uh XRO2 is like 20 times larger in the"
  },
  {
    "startMs": 488280,
    "text": "number of transactions and the the the"
  },
  {
    "startMs": 490440,
    "text": "the volume."
  },
  {
    "startMs": 491760,
    "text": "Uh so, obviously, we went first with"
  },
  {
    "startMs": 494080,
    "text": "implementation of XRO2, but we added in"
  },
  {
    "startMs": 496240,
    "text": "MPP in the process as well. And today,"
  },
  {
    "startMs": 498200,
    "text": "I'm going to share like a bit of our"
  },
  {
    "startMs": 499760,
    "text": "experience. This was also presented in"
  },
  {
    "startMs": 501560,
    "text": "the slide before. Uh"
  },
  {
    "startMs": 503440,
    "text": "XRO2 builds on the"
  },
  {
    "startMs": 505400,
    "text": "uh status code introduced like more like"
  },
  {
    "startMs": 507240,
    "text": "almost 30 years ago in the original HTTP"
  },
  {
    "startMs": 509000,
    "text": "specification uh called 402 payment"
  },
  {
    "startMs": 511440,
    "text": "required. So, this status code was"
  },
  {
    "startMs": 513159,
    "text": "waiting for 30 years patiently"
  },
  {
    "startMs": 515680,
    "text": "for someone to pick it up. And"
  },
  {
    "startMs": 516960,
    "text": "obviously, Coinbase took that"
  },
  {
    "startMs": 517880,
    "text": "opportunity because obviously, it's"
  },
  {
    "startMs": 519000,
    "text": "great for marketing, you know, we're"
  },
  {
    "startMs": 520599,
    "text": "finally make uh internet money work."
  },
  {
    "startMs": 523280,
    "text": "It's awesome."
  },
  {
    "startMs": 524800,
    "text": "So, how it works? I'll just go quickly"
  },
  {
    "startMs": 526160,
    "text": "because we saw it in the last"
  },
  {
    "startMs": 527280,
    "text": "presentation as well. So, first, the"
  },
  {
    "startMs": 528800,
    "text": "client initiates like calls server with"
  },
  {
    "startMs": 531000,
    "text": "some API request. The server responds"
  },
  {
    "startMs": 533120,
    "text": "and actually, this is important part."
  },
  {
    "startMs": 534600,
    "text": "Specification enforces the server to"
  },
  {
    "startMs": 536320,
    "text": "respond 402 payment required. There is"
  },
  {
    "startMs": 538640,
    "text": "no other way to do that. It it needs to"
  },
  {
    "startMs": 540000,
    "text": "use the 402."
  },
  {
    "startMs": 542280,
    "text": "Then, you know, the client creates a"
  },
  {
    "startMs": 543520,
    "text": "signature uh by basically withdrawing"
  },
  {
    "startMs": 545920,
    "text": "money from the wallet uh or you know,"
  },
  {
    "startMs": 548280,
    "text": "allocating the budget from from from the"
  },
  {
    "startMs": 549480,
    "text": "wallet. Sends uh the signature to the to"
  },
  {
    "startMs": 552120,
    "text": "the server."
  },
  {
    "startMs": 553440,
    "text": "Oh, the server verifies with a"
  },
  {
    "startMs": 555200,
    "text": "facilitator, which can be like Coinbase,"
  },
  {
    "startMs": 557120,
    "text": "for example, whether the transaction is"
  },
  {
    "startMs": 558920,
    "text": "correct. It gets uh confirmation that"
  },
  {
    "startMs": 561520,
    "text": "the transaction is is right."
  },
  {
    "startMs": 563400,
    "text": "And then, it's supposed to do the work,"
  },
  {
    "startMs": 565880,
    "text": "right? But there is a problem there."
  },
  {
    "startMs": 568080,
    "text": "I'll get to that uh in a second."
  },
  {
    "startMs": 570880,
    "text": "And after the work is done, uh"
  },
  {
    "startMs": 573040,
    "text": "you send a transaction you send a"
  },
  {
    "startMs": 574400,
    "text": "request to the facilitator to settle,"
  },
  {
    "startMs": 576520,
    "text": "which means like, you know, physically"
  },
  {
    "startMs": 577960,
    "text": "transfer the money to to your own"
  },
  {
    "startMs": 579600,
    "text": "wallet."
  },
  {
    "startMs": 581200,
    "text": "And then facilitator performs operation"
  },
  {
    "startMs": 583040,
    "text": "on the blockchain, transaction is"
  },
  {
    "startMs": 584680,
    "text": "confirmed, everything is settled, all"
  },
  {
    "startMs": 586600,
    "text": "good. But there is a problem here."
  },
  {
    "startMs": 589720,
    "text": "In this moment, like until until the"
  },
  {
    "startMs": 592040,
    "text": "transaction is is actually submitted to"
  },
  {
    "startMs": 593920,
    "text": "the blockchain,"
  },
  {
    "startMs": 595400,
    "text": "the buyer can use the same wallet and"
  },
  {
    "startMs": 597880,
    "text": "same money to other transaction."
  },
  {
    "startMs": 599760,
    "text": "Basically, there is like nothing"
  },
  {
    "startMs": 601000,
    "text": "preventing the the client from double"
  },
  {
    "startMs": 602680,
    "text": "spending. So, you know, uh"
  },
  {
    "startMs": 605880,
    "text": "it can just create like 1,000 signatures"
  },
  {
    "startMs": 607640,
    "text": "like that, send it to 1,000 requests,"
  },
  {
    "startMs": 610240,
    "text": "and then, you know, like um"
  },
  {
    "startMs": 612600,
    "text": "maybe it will not get the result, but"
  },
  {
    "startMs": 614240,
    "text": "let's say if it's like a simple API"
  },
  {
    "startMs": 615720,
    "text": "call,"
  },
  {
    "startMs": 616800,
    "text": "you know, where there is like a like"
  },
  {
    "startMs": 618400,
    "text": "zero marginal cost for you as a"
  },
  {
    "startMs": 619680,
    "text": "provider, you can do it. You can do the"
  },
  {
    "startMs": 621240,
    "text": "work, you know, before uh you settle."
  },
  {
    "startMs": 624000,
    "text": "But imagine there is like some"
  },
  {
    "startMs": 625920,
    "text": "non-trivial work, or maybe you have to"
  },
  {
    "startMs": 627320,
    "text": "pay external service, and then you"
  },
  {
    "startMs": 629400,
    "text": "realize, \"Oh, the money is gone, right?\""
  },
  {
    "startMs": 631440,
    "text": "Uh"
  },
  {
    "startMs": 632600,
    "text": "the the the client skipped out on the"
  },
  {
    "startMs": 634240,
    "text": "bill, which is not great. So,"
  },
  {
    "startMs": 636640,
    "text": "there is a work around that. You can"
  },
  {
    "startMs": 638240,
    "text": "actually uh just do the work after the"
  },
  {
    "startMs": 640640,
    "text": "transaction is settled. You just need to"
  },
  {
    "startMs": 642200,
    "text": "make sure you actually get the work"
  },
  {
    "startMs": 643720,
    "text": "done, you don't fail, and so on, because"
  },
  {
    "startMs": 645560,
    "text": "then the clients would be pretty angry,"
  },
  {
    "startMs": 647160,
    "text": "I guess."
  },
  {
    "startMs": 648120,
    "text": "But there is a work around for this, and"
  },
  {
    "startMs": 649760,
    "text": "then you send like 200 OK and payment"
  },
  {
    "startMs": 652040,
    "text": "response, all good."
  },
  {
    "startMs": 654040,
    "text": "So,"
  },
  {
    "startMs": 656280,
    "text": "there is a problem though. Like um"
  },
  {
    "startMs": 658280,
    "text": "as I showed before, like uh the standard"
  },
  {
    "startMs": 660440,
    "text": "requires HTTP 402 uh as a first response"
  },
  {
    "startMs": 663600,
    "text": "from the server."
  },
  {
    "startMs": 664839,
    "text": "But MCP Alt requires HTTP 401."
  },
  {
    "startMs": 668920,
    "text": "So, there are like two conflicts in the"
  },
  {
    "startMs": 670200,
    "text": "standards, and you know, each of them"
  },
  {
    "startMs": 672520,
    "text": "are actually enforcing it, and you"
  },
  {
    "startMs": 673600,
    "text": "cannot like sort of like, you know,"
  },
  {
    "startMs": 675960,
    "text": "return two error codes or two status"
  },
  {
    "startMs": 677480,
    "text": "codes at the same time."
  },
  {
    "startMs": 679120,
    "text": "So, how do you companies resolve that?"
  },
  {
    "startMs": 681720,
    "text": "Well, quite often they create a"
  },
  {
    "startMs": 683400,
    "text": "dedicated like hostname host uh like"
  },
  {
    "startMs": 685839,
    "text": "let's say x402.alchema.com"
  },
  {
    "startMs": 688520,
    "text": "to serve just the agentic payments"
  },
  {
    "startMs": 689720,
    "text": "gateway. So, they implement basically a"
  },
  {
    "startMs": 692040,
    "text": "new API host just to serve the the HTTP"
  },
  {
    "startMs": 696000,
    "text": "payments and then they have like"
  },
  {
    "startMs": 698680,
    "text": "Sorry, mcp.alchemy.com"
  },
  {
    "startMs": 700400,
    "text": "and maybe mpp.alchemy.com, right? But it"
  },
  {
    "startMs": 702840,
    "text": "sounds like anti-pattern. Why would you"
  },
  {
    "startMs": 704200,
    "text": "have to duplicate like your"
  },
  {
    "startMs": 707360,
    "text": "API host for different payment"
  },
  {
    "startMs": 709040,
    "text": "providers? It's like"
  },
  {
    "startMs": 710280,
    "text": "imagine like you had to like amazon.com"
  },
  {
    "startMs": 711800,
    "text": "for different like credit cards. You had"
  },
  {
    "startMs": 713280,
    "text": "like 20 different Amazons. Like it"
  },
  {
    "startMs": 714360,
    "text": "doesn't make sense, right? So"
  },
  {
    "startMs": 716000,
    "text": "So,"
  },
  {
    "startMs": 717120,
    "text": "I think it is like one of the"
  },
  {
    "startMs": 717880,
    "text": "weaknesses. It's like I I understand"
  },
  {
    "startMs": 719600,
    "text": "like using HTTP 402 is great for"
  },
  {
    "startMs": 721400,
    "text": "marketing, but"
  },
  {
    "startMs": 723440,
    "text": "I think there should be in protocol some"
  },
  {
    "startMs": 724760,
    "text": "way to circumvent that and use use just"
  },
  {
    "startMs": 726800,
    "text": "purely headers, you know? So for"
  },
  {
    "startMs": 728200,
    "text": "example, the payment payment required"
  },
  {
    "startMs": 730440,
    "text": "header without the the the status code."
  },
  {
    "startMs": 734960,
    "text": "And then"
  },
  {
    "startMs": 736880,
    "text": "originally when X-Request-ID was"
  },
  {
    "startMs": 738480,
    "text": "created, it was designed for"
  },
  {
    "startMs": 741640,
    "text": "like fixed payments. Uh"
  },
  {
    "startMs": 744320,
    "text": "The the first payment scheme they"
  },
  {
    "startMs": 745720,
    "text": "introduced"
  },
  {
    "startMs": 747040,
    "text": "was called exact and it's like for"
  },
  {
    "startMs": 749360,
    "text": "simple API calls. Like there's like a"
  },
  {
    "startMs": 750760,
    "text": "fixed fee per transaction, fixed fee per"
  },
  {
    "startMs": 752480,
    "text": "per call, which is great for I don't"
  },
  {
    "startMs": 754280,
    "text": "know simple APIs. But unfortunately,"
  },
  {
    "startMs": 756600,
    "text": "Apify actors are tools on the"
  },
  {
    "startMs": 758120,
    "text": "marketplace. They typically perform bad"
  },
  {
    "startMs": 760040,
    "text": "jobs and you know, they can run for, you"
  },
  {
    "startMs": 762400,
    "text": "know, a few seconds, but they can also"
  },
  {
    "startMs": 763800,
    "text": "run for a few hours and consume a lot of"
  },
  {
    "startMs": 765880,
    "text": "resources on the way. They are like"
  },
  {
    "startMs": 768240,
    "text": "typically like built"
  },
  {
    "startMs": 769640,
    "text": "as-you-go kind of like meter billing."
  },
  {
    "startMs": 772000,
    "text": "So how to do that? Like how to put this"
  },
  {
    "startMs": 773800,
    "text": "on X-Request-ID 2? So in May 2025,"
  },
  {
    "startMs": 776640,
    "text": "Coinbase introduced"
  },
  {
    "startMs": 778440,
    "text": "X-Request-ID 2 with exact payment"
  },
  {
    "startMs": 779480,
    "text": "scheme. In December 2025, they announced"
  },
  {
    "startMs": 783280,
    "text": "the version two of the protocol, which"
  },
  {
    "startMs": 785120,
    "text": "was promising the up to payments payment"
  },
  {
    "startMs": 786520,
    "text": "scheme to kind of fix this problem of"
  },
  {
    "startMs": 788360,
    "text": "like meter billing."
  },
  {
    "startMs": 790000,
    "text": "But it it took actually another like"
  },
  {
    "startMs": 792120,
    "text": "half a year almost"
  },
  {
    "startMs": 793880,
    "text": "to release the the up to finally. It was"
  },
  {
    "startMs": 795880,
    "text": "just like two or three months ago. So we"
  },
  {
    "startMs": 797839,
    "text": "were super excited about that. We were"
  },
  {
    "startMs": 799000,
    "text": "like finally"
  },
  {
    "startMs": 801040,
    "text": "we can make this work for our services."
  },
  {
    "startMs": 804040,
    "text": "But then we realized actually the same"
  },
  {
    "startMs": 806320,
    "text": "double spending problem which is on on"
  },
  {
    "startMs": 808240,
    "text": "on exact is also with with up to. I"
  },
  {
    "startMs": 810400,
    "text": "mean, up to it was just a small sort of"
  },
  {
    "startMs": 813360,
    "text": "like improvement to the protocol where"
  },
  {
    "startMs": 815840,
    "text": "when you, you know, call the tool, you"
  },
  {
    "startMs": 817400,
    "text": "say, \"Oh, my maximum is $5.\" And then"
  },
  {
    "startMs": 819720,
    "text": "the the the server can charge anything"
  },
  {
    "startMs": 821560,
    "text": "up to $5. But it doesn't prevent the"
  },
  {
    "startMs": 823520,
    "text": "double-spending problem. So, basically,"
  },
  {
    "startMs": 824960,
    "text": "we are sort of stuck again. So, you"
  },
  {
    "startMs": 827080,
    "text": "know, we have to go back to the drawing"
  },
  {
    "startMs": 828520,
    "text": "boards and figure like how to do that."
  },
  {
    "startMs": 831400,
    "text": "And so, one way we we did it was we just"
  },
  {
    "startMs": 835120,
    "text": "use exact payment scheme to kind of like"
  },
  {
    "startMs": 837480,
    "text": "fixed"
  },
  {
    "startMs": 838560,
    "text": "uh like charge a fixed payment. And then"
  },
  {
    "startMs": 842120,
    "text": "after the the the the job is done, we we"
  },
  {
    "startMs": 844360,
    "text": "would like refund the the the wallet"
  },
  {
    "startMs": 846200,
    "text": "with the with the leftover money,"
  },
  {
    "startMs": 847240,
    "text": "basically, the money that"
  },
  {
    "startMs": 848840,
    "text": "that wasn't spent. I mean, that worked."
  },
  {
    "startMs": 851560,
    "text": "But uh"
  },
  {
    "startMs": 852720,
    "text": "so, you charge, you do the work, you"
  },
  {
    "startMs": 853960,
    "text": "refund the remainder. But that means"
  },
  {
    "startMs": 856000,
    "text": "like there's suddenly like two"
  },
  {
    "startMs": 857080,
    "text": "blockchain transactions. That means like"
  },
  {
    "startMs": 859000,
    "text": "uh"
  },
  {
    "startMs": 859720,
    "text": "there's a time, you know, to to settle"
  },
  {
    "startMs": 861960,
    "text": "those transactions. There might be like"
  },
  {
    "startMs": 863560,
    "text": "some fees associated with that and so"
  },
  {
    "startMs": 864960,
    "text": "on."
  },
  {
    "startMs": 865800,
    "text": "And also, the clients will need to trust"
  },
  {
    "startMs": 867080,
    "text": "the server"
  },
  {
    "startMs": 868320,
    "text": "to kind of like, \"Hey,"
  },
  {
    "startMs": 869920,
    "text": "I give you the money, but you give it to"
  },
  {
    "startMs": 871520,
    "text": "me back, right?\" But I think that that"
  },
  {
    "startMs": 872680,
    "text": "that's that's a minor issue. But it just"
  },
  {
    "startMs": 875080,
    "text": "feels somehow clunky. Like, why would we"
  },
  {
    "startMs": 877080,
    "text": "need to do these workarounds, you know?"
  },
  {
    "startMs": 878440,
    "text": "This protocol should support these"
  },
  {
    "startMs": 879880,
    "text": "things out of the box."
  },
  {
    "startMs": 881680,
    "text": "So, just 2 months ago, uh"
  },
  {
    "startMs": 883920,
    "text": "Coinbase introduced like new payment"
  },
  {
    "startMs": 885360,
    "text": "scheme uh which is called batch"
  },
  {
    "startMs": 886480,
    "text": "settlement, which looks very promising."
  },
  {
    "startMs": 888120,
    "text": "We haven't implemented it yet, so we'll"
  },
  {
    "startMs": 889680,
    "text": "report soon on that. But basically, just"
  },
  {
    "startMs": 891720,
    "text": "quickly, it works like So, first, the"
  },
  {
    "startMs": 893520,
    "text": "clients like deposit some money. So,"
  },
  {
    "startMs": 895240,
    "text": "basically,"
  },
  {
    "startMs": 896520,
    "text": "it's actually like like real transaction"
  },
  {
    "startMs": 898240,
    "text": "on blockchain using some uh Ethereum"
  },
  {
    "startMs": 900360,
    "text": "virtual machine black magic. Basically,"
  },
  {
    "startMs": 902360,
    "text": "uh the money is put in the escrow."
  },
  {
    "startMs": 904280,
    "text": "And then"
  },
  {
    "startMs": 906000,
    "text": "the the client gets back a voucher like"
  },
  {
    "startMs": 907720,
    "text": "from the server. Say, \"Hey, here is some"
  },
  {
    "startMs": 909240,
    "text": "cryptographic voucher, and you can use"
  },
  {
    "startMs": 911720,
    "text": "it to sign like microtransaction as part"
  },
  {
    "startMs": 914280,
    "text": "of this batch.\""
  },
  {
    "startMs": 915480,
    "text": "And then"
  },
  {
    "startMs": 916680,
    "text": "like the client sends sends requests,"
  },
  {
    "startMs": 918080,
    "text": "for example, like API calls or, you"
  },
  {
    "startMs": 919600,
    "text": "know, for like individual tokens,"
  },
  {
    "startMs": 921160,
    "text": "whatever, and uh use this like passes"
  },
  {
    "startMs": 924160,
    "text": "this voucher to sign the those like a"
  },
  {
    "startMs": 926760,
    "text": "micro payments. But this transactions"
  },
  {
    "startMs": 928640,
    "text": "are the basically off-chain. They are"
  },
  {
    "startMs": 930120,
    "text": "just like sort of like cryptographically"
  },
  {
    "startMs": 932640,
    "text": "guaranteed locally, but you don't need"
  },
  {
    "startMs": 934360,
    "text": "to like write this like to the to the to"
  },
  {
    "startMs": 935840,
    "text": "the blockchain, which again is"
  },
  {
    "startMs": 937080,
    "text": "inefficient, slow, you know, uh"
  },
  {
    "startMs": 939400,
    "text": "expensive. And then at some point,"
  },
  {
    "startMs": 941880,
    "text": "you're like, \"Hey, I I I accumulated a"
  },
  {
    "startMs": 943320,
    "text": "lot of these like micro transactions, so"
  },
  {
    "startMs": 944800,
    "text": "I just like settle them in batch.\" And"
  },
  {
    "startMs": 946960,
    "text": "then like you basically perform the"
  },
  {
    "startMs": 948080,
    "text": "transaction on blockchain. And then you"
  },
  {
    "startMs": 950120,
    "text": "can do this a couple of times and"
  },
  {
    "startMs": 951720,
    "text": "eventually refund the rest of the money"
  },
  {
    "startMs": 954040,
    "text": "like sort of like release the escrow,"
  },
  {
    "startMs": 955760,
    "text": "right? So actually this looks really"
  },
  {
    "startMs": 957560,
    "text": "cool, very exciting. We'll"
  },
  {
    "startMs": 959960,
    "text": "we're currently working on implementing"
  },
  {
    "startMs": 961360,
    "text": "it now, so we'll see."
  },
  {
    "startMs": 963480,
    "text": "But so how did we resolve like all this"
  },
  {
    "startMs": 965640,
    "text": "to make it work, right? So we didn't"
  },
  {
    "startMs": 966880,
    "text": "really want to create like new new"
  },
  {
    "startMs": 968800,
    "text": "endpoints for different payment"
  },
  {
    "startMs": 970520,
    "text": "services."
  },
  {
    "startMs": 972160,
    "text": "We didn't want to like the like hack the"
  },
  {
    "startMs": 973920,
    "text": "variable usage, you know, to our"
  },
  {
    "startMs": 975160,
    "text": "services. And also, we really don't want"
  },
  {
    "startMs": 977120,
    "text": "to like"
  },
  {
    "startMs": 978520,
    "text": "tweak too much our API because we have"
  },
  {
    "startMs": 980240,
    "text": "like tens of thousands of customers"
  },
  {
    "startMs": 981480,
    "text": "depending on that API. So we just can't"
  },
  {
    "startMs": 983240,
    "text": "like sort of like, you know, do whatever"
  },
  {
    "startMs": 985200,
    "text": "like new"
  },
  {
    "startMs": 986520,
    "text": "agentic payment standard is out there,"
  },
  {
    "startMs": 988440,
    "text": "just implement it right away."
  },
  {
    "startMs": 990080,
    "text": "So so kind of to fix these problems,"
  },
  {
    "startMs": 992640,
    "text": "let me introduce you"
  },
  {
    "startMs": 994440,
    "text": "let me introduce our newest service on"
  },
  {
    "startMs": 996680,
    "text": "Appify, which is called agi.appify.com."
  },
  {
    "startMs": 1000120,
    "text": "And AGI"
  },
  {
    "startMs": 1002040,
    "text": "is not"
  },
  {
    "startMs": 1003160,
    "text": "what you mean it is. It's actually it"
  },
  {
    "startMs": 1004680,
    "text": "stands for agent general interface. So"
  },
  {
    "startMs": 1006800,
    "text": "instead of like application programming"
  },
  {
    "startMs": 1008200,
    "text": "interface, we have agent general"
  },
  {
    "startMs": 1010000,
    "text": "interface that can change anytime but"
  },
  {
    "startMs": 1012480,
    "text": "because it's used by agents, so they're"
  },
  {
    "startMs": 1013720,
    "text": "flexible, right? And"
  },
  {
    "startMs": 1015960,
    "text": "on AGI, it's just a simple website with"
  },
  {
    "startMs": 1018640,
    "text": "like one markdown document. It's not"
  },
  {
    "startMs": 1020360,
    "text": "designed for people, so it kind of looks"
  },
  {
    "startMs": 1022400,
    "text": "ugly, but it's okay. And there's"
  },
  {
    "startMs": 1024400,
    "text": "instructions for agents like, \"Hey, how"
  },
  {
    "startMs": 1026400,
    "text": "can you actually"
  },
  {
    "startMs": 1028040,
    "text": "buy things on Appify yourself through"
  },
  {
    "startMs": 1030400,
    "text": "Xapo 2, MPP?\" We can iterate quickly on"
  },
  {
    "startMs": 1033360,
    "text": "this on this on this website or on this"
  },
  {
    "startMs": 1035079,
    "text": "service because, you know, agents can"
  },
  {
    "startMs": 1037439,
    "text": "pick up new version. It's not like fixed"
  },
  {
    "startMs": 1040120,
    "text": "like API"
  },
  {
    "startMs": 1041800,
    "text": "needs to be basically, you know,"
  },
  {
    "startMs": 1043360,
    "text": "backwards compatible all the time."
  },
  {
    "startMs": 1045439,
    "text": "And the way it works is like the agent"
  },
  {
    "startMs": 1048120,
    "text": "comes to agent.apify.com"
  },
  {
    "startMs": 1051080,
    "text": "gets basically can buy a prepaid token."
  },
  {
    "startMs": 1054320,
    "text": "So basically they say like, \"Hey, here's"
  },
  {
    "startMs": 1055720,
    "text": "$5. Give me Give me a Apify token.\" We"
  },
  {
    "startMs": 1058880,
    "text": "give them like Apify token back and then"
  },
  {
    "startMs": 1060600,
    "text": "they can use the Apify token"
  },
  {
    "startMs": 1062720,
    "text": "through our normal API or through MCP to"
  },
  {
    "startMs": 1065360,
    "text": "run our jobs and services, you know,"
  },
  {
    "startMs": 1067720,
    "text": "normally."
  },
  {
    "startMs": 1068800,
    "text": "And it it works pretty well."
  },
  {
    "startMs": 1070640,
    "text": "There is like no skill required. You"
  },
  {
    "startMs": 1072040,
    "text": "just like point your agent to"
  },
  {
    "startMs": 1073600,
    "text": "agent.apify.com. It picks it up."
  },
  {
    "startMs": 1076320,
    "text": "And I have here like a short demo."
  },
  {
    "startMs": 1079600,
    "text": "We're running out of time. So this is"
  },
  {
    "startMs": 1080920,
    "text": "just like example how it works like."
  },
  {
    "startMs": 1083080,
    "text": "Actually, the X road ecosystem is like"
  },
  {
    "startMs": 1085480,
    "text": "really early so that even, you know,"
  },
  {
    "startMs": 1088200,
    "text": "we have to build our own like local"
  },
  {
    "startMs": 1090000,
    "text": "wallet"
  },
  {
    "startMs": 1090960,
    "text": "tool which you can like create like"
  },
  {
    "startMs": 1093760,
    "text": "local like cryptographic key to charge,"
  },
  {
    "startMs": 1095800,
    "text": "you know, with money and show QR code."
  },
  {
    "startMs": 1097600,
    "text": "Like I mean these things are still not"
  },
  {
    "startMs": 1098720,
    "text": "not not not existing. I mean the"
  },
  {
    "startMs": 1100200,
    "text": "ecosystem is like super super early."
  },
  {
    "startMs": 1102440,
    "text": "So"
  },
  {
    "startMs": 1103560,
    "text": "I have local wallet with $10. Then I"
  },
  {
    "startMs": 1105480,
    "text": "call like IGI.apify.com"
  },
  {
    "startMs": 1108800,
    "text": "allocate like token with $1. I get back"
  },
  {
    "startMs": 1111880,
    "text": "402 payment required. So there is like"
  },
  {
    "startMs": 1114080,
    "text": "this like super long like payment"
  },
  {
    "startMs": 1115880,
    "text": "required signature."
  },
  {
    "startMs": 1117640,
    "text": "I use Apify"
  },
  {
    "startMs": 1121080,
    "text": "I use the I use our MCPC just like MCPC"
  },
  {
    "startMs": 1123840,
    "text": "client to sign"
  },
  {
    "startMs": 1126520,
    "text": "the payment and then I can send the"
  },
  {
    "startMs": 1130240,
    "text": "Oh."
  },
  {
    "startMs": 1132160,
    "text": "Oh oh oh."
  },
  {
    "startMs": 1134600,
    "text": "This demo didn't work as expected."
  },
  {
    "startMs": 1138160,
    "text": "Here we go."
  },
  {
    "startMs": 1141600,
    "text": "Mhm."
  },
  {
    "startMs": 1146240,
    "text": "Well, anyway, I have 1 minute left."
  },
  {
    "startMs": 1148883,
    "text": ">> [laughter]"
  },
  {
    "startMs": 1150000,
    "text": ">> Demo more come later. Sorry about that."
  },
  {
    "startMs": 1152360,
    "text": "So, to conclude my presentation, like"
  },
  {
    "startMs": 1155160,
    "text": "really like try it out and like try to"
  },
  {
    "startMs": 1157960,
    "text": "build try try to use it like actually I"
  },
  {
    "startMs": 1159440,
    "text": "try I tried to use it for the first time"
  },
  {
    "startMs": 1160720,
    "text": "like a couple of weeks ago because I"
  },
  {
    "startMs": 1162120,
    "text": "always thought that oh my god it's"
  },
  {
    "startMs": 1163000,
    "text": "somehow complicated, you know, there is"
  },
  {
    "startMs": 1164440,
    "text": "a lot of this like weird crypto lingo,"
  },
  {
    "startMs": 1165920,
    "text": "you know, like I have I like I don't"
  },
  {
    "startMs": 1167000,
    "text": "know what it what it means. But actually"
  },
  {
    "startMs": 1168720,
    "text": "it's really really simple to to play"
  },
  {
    "startMs": 1170480,
    "text": "with it. You can"
  },
  {
    "startMs": 1172120,
    "text": "you know, get to get up and running in"
  },
  {
    "startMs": 1173800,
    "text": "like 10 minutes. And uh"
  },
  {
    "startMs": 1175800,
    "text": "it's still super early. Uh"
  },
  {
    "startMs": 1177520,
    "text": "I think there's like $1 million"
  },
  {
    "startMs": 1178720,
    "text": "transaction volume like per month. Like"
  },
  {
    "startMs": 1180440,
    "text": "this is nothing, right? Like the economy"
  },
  {
    "startMs": 1181800,
    "text": "is much much bigger. But I think it will"
  },
  {
    "startMs": 1183720,
    "text": "sooner ramp up. And I think"
  },
  {
    "startMs": 1186040,
    "text": "once uh really this like era of like uh"
  },
  {
    "startMs": 1189120,
    "text": "token subsidies will end, I mean when"
  },
  {
    "startMs": 1190920,
    "text": "the when you really will have to pay for"
  },
  {
    "startMs": 1193000,
    "text": "the tokens, you know, that your agents"
  },
  {
    "startMs": 1194400,
    "text": "consume, I think suddenly this decision"
  },
  {
    "startMs": 1196360,
    "text": "whether to build or buy will, you know,"
  },
  {
    "startMs": 1199600,
    "text": "make more economic sense actually to buy"
  },
  {
    "startMs": 1201360,
    "text": "external, you know, services for a lot"
  },
  {
    "startMs": 1202840,
    "text": "of things rather than build from"
  },
  {
    "startMs": 1203720,
    "text": "scratch. And I think at this time really"
  },
  {
    "startMs": 1206120,
    "text": "the agentic payments will explode and uh"
  },
  {
    "startMs": 1208760,
    "text": "very soon uh um"
  },
  {
    "startMs": 1211200,
    "text": "uh the agentic commerce might uh"
  },
  {
    "startMs": 1212960,
    "text": "overtake the normal commerce."
  },
  {
    "startMs": 1214960,
    "text": "Thanks a lot for your attention and"
  },
  {
    "startMs": 1216640,
    "text": "please come uh to join us uh"
  },
  {
    "startMs": 1219920,
    "text": "in our booth. And actually I have"
  },
  {
    "startMs": 1220960,
    "text": "another talk coming up in 2 hours uh"
  },
  {
    "startMs": 1223280,
    "text": "about MCP and CLI, so you can check that"
  },
  {
    "startMs": 1225760,
    "text": "one as well in Expo stage two."
  },
  {
    "startMs": 1229160,
    "text": "Thank you. [applause]"
  }
]