When AI Agents Start Spending Your Money | Alex Rampell & Terry Angelos

VGS is becoming critical rails for agentic commerce, issuing millions of weekly "agentic tokens" that let AI agents spend while preserving chargebacks.

• Agentic tokens launched from zero: VGS says agentic token provisioning went from zero three months ago to a few million tokens per week, calling it the start of the 'wallet wars.'
• VGS's scale: VGS secures credentials for roughly a third of all e-commerce GMV, touches about 80% of US cards (~10 billion credentials), and works with the largest neobanks and frontier labs.

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