About this episode
<p>The internet economy accelerated in 2025. The fastest-growing companies got even faster, agentic commerce and stablecoin payments started to kick into gear, and total payment volume on Stripe grew by a third as our customers continued to prosper.</p><p>Our <a href="https://stripe.com/annual-updates/2025">annual letter</a> covers the trends that we think are worth paying close attention to as the pace of change accelerates.</p><p>Timestamps<br>(01:48) The sorting machine</p><p>(05:45) Global by default</p><p>(09:01) Stable progress</p><p>(12:14) Working capital’s working. Capital!</p><p>(15:09) Escaping from low revenue mode</p><p>(18:33) The five levels of agentic commerce</p><p>(23:52) A Republic of Permissions </p>