Patrick Collison

We just published Stripe's 2025 annual letter: stripe.com/annual-updates….

@samwoldenberg @stripe Yes!

@patrickc can we add manufacturing or steel making as an industry option on @stripe?

I think this reflects our confused spiritual relationship with our own past. We feel a strong and intuitive affinity for what we used to build, while our contemporary frameworks consider such buildings misguided and "immoral". The mind says massing prohibitions and setbacks; the heart says beautiful masonry, higgeldy-piggeldy layouts, and Victorians. Rather than resolve the tension, we designate large fractions of our city ontologically confused, simultaneously protected and illegal; sanctified and condemned.

I'm interested in "trapped buildings": those that couldn't be built today (because of zoning and code changes) but also can't be substantially modified or demolished (because of historic protection rules). One of those phenomena that really makes one wonder what exactly we're trying to do. Has anyone ever estimated what fraction of buildings in major cities fall into this category? When I asked Claude about San Francisco, it concluded: "If forced to give a single number with a single confidence rating: roughly 100,000 buildings — about two-thirds of San Francisco's physical structures — sit in the trap as a practical matter. Confidence: moderate. The number could be 70,000 or 130,000 depending on how strictly you operationalize "can't be substantially modified.""

Worth watching. Preview of the future.

Ok this is sick. I just sent a photo of a bill I got in the mail to my Hermes agent and it just went out, paid it, and filed the receipt for me. I hate dealing with these payment portals and always leave these bills till the last minute. Now I can just snap a pic and send it to Satori (name of my agent).

Congratulations to Core Investigator @ishahjain and her team! Their paper is featured on the latest cover of @CellCellPress. They developed a new nutrigenomics framework to systematically identify genetic diseases that are amenable to vitamin-based therapies.

Thank you to everyone who joined us at Stripe Sessions this year! More than 10,000 attendees for the first time. We had a ton of fun putting everything together and are very proud to support everything that you are building.

Stripe Atlas just hit 100,000 all-time incorporations. Q1 2026 is +130% Y/Y.

pretty incredible to see @patrickc casually mentioning to @sama the agentic infra we built in January for @tempo and @paradigm to transform how we work. we indeed use this to orchestrate pretty much anything at both companies. neither paradigm nor tempo can live without this now. it feels like the stone age without it. and because our organizations are so workflow heavy / data rich and we are <100 people, these are the perfect organizations to max deploy ai. it is natively multiplayer, harness agnostic, has secure secret management & firewalls, durable workflows, observable so it can self-improve/heal and most importantly - all self-hosted on bare metal & self-built, end to end. no third parties involved. we have two deploys, one for each company on different machines, but they both have a shared core codebase that's modular and extensible for each company's idiosyncracies. we're looking to do way more things with it. proactive agents remains an open problem for us. we hope to open source it very soon as i've mentioned a few times before. we're adding 1 special eng to that team, dm me + your proof of work if you're epic at infrastructure / security and love hacking things quickly.

@shl @stripe Will boost conversions a lot

@patrickc @stripe Adding Stripe Link soon!

We just announced a large raft of improvements at @Stripe Sessions. My meta reflections: • It feels that the entire economy is replatforming right now. • Many charts at Stripe are inflecting in quite dramatic ways. What GitHub recently reported for commits we are seeing in economic activity (such as new company formations). • It is increasingly clear that agents will be responsible for most transactions in the not overly distant future. • Stripe was always developer-centric, but AI is making developer-centricity strategic in a new way: agents are even hungrier for good DX than developers themselves are. • Things that we’re launching are increasingly network products at heart. (Instant transfers between Stripe businesses, new kinds of fraud prevention with Stripe Radar, stablecoin payouts to anyone with Link.) "How can we turn Stripe's economies of scale into user benefits?" is increasingly the relevant question. • Between Privy, Bridge, Tempo, and Stripe’s core capabilities, we’re now doing a lot in stablecoins/crypto, and companies like DoorDash, Ramp, Meta, and Klarna are using our crypto stack to deploy meaningful new functionality in production. “But where’s the production use?” is rapidly becoming stale when applied to crypto. • After more than a decade of building, we seem to have hit some kind of critical mass of core platform capabilities such that building new things now feels easier and faster than before. (AI also helps.) We announced Stripe Treasury last year (originally called Financial Accounts); since then, we’ve added multi-currency support, global payouts, card issuance and rewards, and a bunch of other sophisticated functionality. By the end of this year, Treasury will support 15 more currencies and be available to businesses in 160 countries. On the launches themselves, a small selection that I thought were cool, though this is really just a subset: • The @Link AI wallet. Point your agent to github.com/stripe/link-cli and ask it to make purchases on your behalf with secure single-use tokens. (To test it, I asked Claude Code to buy a small gift for me yesterday. It purchased HTTPZine on Gumroad.) • New payment methods for Link, including Pix (largest payment method in Brazil) and UPI (largest payment method in India). We’re also adding stablecoin support to Link (which I think will be huge if we execute well). • We’re adding a lot of new Machine Payments Protocol functionality, including micropayment and recurring payment support. • We announced Checkout studio: a sophisticated dashboard for managing your checkout flow, including things like transaction replays and A/B tests. Today this tends to require a lot of fussy edits to production code. • Adaptive Pricing (which automatically localizes the price and currency that customers see) now supports subscriptions. We’ve seen pretty huge (4–5%) conversion rate improvements after enabling it — customers really like paying in their home currency. • New Stripe Terminal reader (the T600) with a customer-facing screen that can run native apps, plus support for 15 new international markets for Stripe Terminal. • General availability for Stripe Managed Payments, our merchant of record solution. (Natively handles tax, disputes, fraud.) Maybe sounds a bit arcane, but it’s one of those iykyk products. It saves a lot of schlep. • Fraud is a *much* bigger priority for customers than it was 2 years ago (AI makes fraud easier + unlike software, tokens can be resold), so we’ve been extending Stripe Radar to support things beyond payments fraud: free trial abuse, multi-account abuse, pay-as-you-go abuse. Early results are extremely positive. We also announced Stripe Signals — new scoring APIs for customers, businesses, and other objects, not just payments on and off Stripe. • Usage-based billing is also becoming the de facto business model of the AI era, and we launched a bunch of new pricing models in @getMetronome and features like low-balance alerts, automatic credit top-ups, and multidimensional pricing structures. • We showed streaming payments built on @Tempo and Metronome — track usage and get paid the instant value is delivered. Hard to predict, but I think this could be big. (Why wouldn’t you want to get paid as costs are incurred?) • We added automatic US tax filing in Stripe Tax. • We announced Stripe Database -- a hosted PostgreSQL database with all of your Stripe data, updated in real time. Read-only to start but we’ll make it read-write. • Stripe Workflows are now GA. • We showed Stripe Console, a full agentic execution environment built directly into the Stripe Dashboard. It’ll happily write code and use tools to answer your questions. • We previewed custom objects: model your business data directly in Stripe, with custom objects, typed fields, and relationships. • As mentioned above, Stripe Treasury accounts will support storage in 15 currencies by the end of the year. And instant/free(!) transfers between US Stripe businesses. • You can use a Stripe card with your Treasury balance and get 2% cash back on purchases. • We’re massively expanding our Global Payouts coverage -- soon 100 countries with fiat rails and 160 with stablecoins. • Atlas companies can now raise money directly within Stripe. • We launched the platform growth studio, which uses Stripe’s network data to generate specific recommendations for optimization/growth. • We announced the Stripe Managed Risk API — platforms can outsource risk handling to Stripe while maintaining full UI/UX control. • Connected accounts now benefit from networked onboarding, which hugely increases conversion rates. • We’re launching Treasury for Platforms. Connected accounts can get spend cards with just a few lines of code. (Plus cash rewards, cash acceptance, check acceptance, real-time payments…) • We announced Issuing for agents: easily create cards for agents. But that’s really just a subset of a subset. (See stripe.com/roadmap for more.) The Stripe team is cooking! And if you’re interested in building the economic infrastructure for this new world, we’re hiring.

Stripe Press cafe at Stripe Sessions 😇

Pretty cool example of crypto going mainstream: Meta is launching creator stablecoin payouts, built on @tempo and @link. Live in Colombia and Philippines; 160+ countries coming soon.

Stripe really cooked with Link CLI. Look at how easily I can get my OpenClaw agent to buy me some coffee beans.

A smattering of what people are already building with @mpp. 🧵

Forcing myself to pause and take this in: Managed Payments is now generally available. This is years in the making. From running @lemonsqueezy to this moment @stripe. I’ve seen what it takes to run a Merchant of Record (MoR). It’s messy, with a lot of moving parts most people never see. Payments, tax, fraud, compliance. We built Managed Payments so founders don’t have to think about any of it. I'm proud to see companies like @Lovable, @ahrefs, @RevenueCat, @tailwindcss, @Superwall and many more using this product.

my favorite thing we’ve ever shipped! @link is now an easy way to permission agents to pay on your behalf.

> stripe projects catalog cloudflare let your agent sign up for Cloudflare, buy a domain and deploy to production, all on its own blog.cloudflare.com/agents-stripe-…