Dave Maddox

US Financial Services Blockchain Business Dev. Named top 100 to follow in payments fintech. Read a lot tweet a few. Tweets do not represent IBM.

[Dave Maddox @thinkpayments]

Why hasn’t the government transitioned from paper cards for Social Security and Medicare to a credit card type chip and pin. No bank would be offering paper credit cards!!
@SocialSecurity @MedicareGov @CNN @smerconish

[Dave Maddox @thinkpayments]

Why hasn’t the government transitioned from paper cards for Social Security and Medicare to a credit card type chip and pin. No bank would be offering paper credit cards!!
@SocialSecurity @MedicareGov @CNN @smerconish

[Dave Maddox @thinkpayments]

@JeffBezos @CaitlinLong_ If half the electorate doesn’t pay taxes then they will never vote to lower taxes but always vote to raise them on the rest of us.

[Dave Maddox @thinkpayments]

@VenmoSupport I cannot get into my account. Changed password multiple times but continues to fail. Can not get to a human via your VRU!!

[Dave Maddox @thinkpayments]

@j_fishback Raise the H-1B minimum salary requirement

[Dave Maddox @thinkpayments]

@elonmusk Answer: We are a country of the party, by the party and for the party regardless of who is in power.

[Aakash Gupta @aakashgupta]

Armstrong is telling you AI agents need crypto because they can’t use banks, and nobody’s noticing that Visa, Mastercard, Google, Stripe, and PayPal already built the answer.

Visa completed hundreds of agent-initiated transactions in live pilots last year. Mastercard launched Agent Pay with tokenized credentials across all U.S. issuers. Google shipped an entire Agent Payments Protocol. Santander and Mastercard ran Europe’s first regulated AI agent payment two weeks ago.

The “agents can’t open bank accounts” framing sounds clean, but it skips what’s actually happening. Visa’s Trusted Agent Protocol uses cryptographic signatures to authenticate AI agents the same way it authenticates human cardholders. The agent gets a token linked to your account. No bank account needed for the agent. No KYC for the bot. The human already passed that gate.

This tells you everything about how the payments industry views this race. Coinbase’s x402 protocol has processed 50 million transactions since February, which sounds like scale until you realize Visa processes that volume roughly every 90 minutes. Visa is working with 100+ partners across six continents. Mastercard launched an entire Agent Suite in January with 4,000 advisors. These companies process 3.4 trillion transactions annually and they’re retooling all of it for agents.

The real constraint for AI agent payments is liability. When an agent books the wrong flight or buys the wrong size, who eats the cost? Visa’s Ramachandran said it directly: agents are now a fifth party in the dispute chain. Crypto has no dispute chain. No chargebacks. No consumer protection. For a billion agents making mistakes at machine speed, that’s a feature for Coinbase and a problem for the person whose agent just bought 400 economy seats to Mumbai.

Coinbase wins the long tail. Agent-to-agent micropayments, DeFi, on-chain operations where no merchant exists. That’s a real market. But “agents can’t use banks” is a 2024 take running on a 2026 timeline where Visa is telling merchants to prepare for AI agent checkout by holiday season.

The incumbents aren’t sleeping through this one. They’re spending more, moving faster, and they already have the merchants. Crypto becomes a rail for agents. Visa and Mastercard are betting their entire product roadmap it won’t be the primary one.

[Tuki @TukiFromKL]

🚨The CEO of Coinbase just said something nobody's taking seriously enough.

AI agents will outnumber humans in transactions. Soon.

> "They can't open bank accounts. No ID. No SSN. Banks literally cannot serve them."

> "But they already own crypto wallets."

So the biggest economy of the next decade won't run through banks at all. It'll run through blockchains. Not because crypto won. Because banks physically can't onboard a customer that isn't human.

Banks weren't built for what's coming.

[Dave Maddox @thinkpayments]

Danish (happy country) Citizenship Requirements
- Pass a Danish language exam
- Pass a Danish citizenship test
- Show you are financially self-supporting.
- Have not committed serious crimes
- Sign declaration of loyalty and allegiance to Denmark & Danish society
@elonmusk

[Dave Maddox @thinkpayments]

@elonmusk want to double your ad revenue. Copy the code and make a separate system with no politics, no religion and no porn. Business and consumer focused. Engagement with increase on both sites.

[Dave Maddox @thinkpayments]

@GovPritzker @JBPritzker And now it’s a government of the party, by the party and for the party. Regardless of who’s in power.

[Dave Maddox @thinkpayments]

@profstonge The real question is how will the government deal with the loss of income tax when robots and AI eliminate jobs.

[Dave Maddox @thinkpayments]

For the Super Bowl halftime they should have had Alan Jackson, who’s retiring this year, sing “Where were you when the world stop turning”

[Dave Maddox @thinkpayments]

@SocialSecurity @POTUS Time to replace Social Security Cards with a chip cards to eliminate FRAUD! You know this drill Frank.

[Dave Maddox @thinkpayments]

@smerconish We have become a country of the party, by the party and for the party. We need open primaries!!

[Dave Maddox @thinkpayments]

@CoachForGov if banks require English why does Social Security provide statements in every language and language services?

[Dave Maddox @thinkpayments]

@SocialSecurity Frank knows how to run call centers!! He’s the best at it.

[Dave Maddox @thinkpayments]

Why does the US Medicare Statement include notifications in other languages? ⁦@elonmusk⁩