From TokenPost · · 40s
Dragonfly's Qureshi on AI Cards vs Crypto Payments
AI agents prefer payment cards over crypto for most transactions, says Dragonfly's Haseeb Qureshi.
In brief
AI agents prefer payment cards over crypto for most transactions, says Dragonfly's Haseeb Qureshi. Dragonfly's managing partner Haseeb Qureshi says AI agents use payment cards more than crypto for routine purchases due to limited crypto payment options. Originally reported by TokenPost.
Qureshi's card preference
Dragonfly's managing partner Haseeb Qureshi said AI agents use payment cards more than crypto for most purchases because many goods lack crypto payment options.
“he gave his agent both a crypto wallet and a card. The agent used the card for most purchases, he said, because many of the goods it needed were unavailable for crypto payments.”
Card advantages over crypto
Payment channels like Rain, Visa, Ramp and Stripe allow spending limits and wider acceptance than crypto protocols.
“Qureshi cited agent card offerings from Rain, Visa, Ramp and Stripe that allow limits on spending and where a card can be used.”
Crypto activity concerns
Qureshi claims 90% of x402 activity is reward farming, not real demand, as protocol usage rose and later fell.
“Qureshi claimed that reward farming accounted for 90% of payment volume on x402, a protocol promoted by Coinbase.”
The essence
Dragonfly's managing partner Haseeb Qureshi says AI agents use payment cards more than crypto for routine purchases due to limited crypto payment options.
