Emily Sands outlines the spectrum of agent-led purchases, from AI-assisted shopping to fully autonomous transactions using the Agent E-Commerce Protocol (AEP). She highlights the importance of shared payment tokens for secure AI transactions and the adoption of AEP by major brands and platforms. The conversation covers the macroeconomic impact of AI agents, including the boom of solopreneurs and AI-driven business creation. Key challenges include building trust in AI commerce, managing token theft as a growing fraud vector, and adapting billing models to usage-based systems. Sands emphasizes the need for real-time metering and streaming payments to prevent runaway spending. She also introduces Stripe Projects to address the 'vibe deployment' bottleneck, enabling agents to deploy apps autonomously. The episode concludes with predictions that within 12 months, agents will operate as end-to-end micro-firms, demanding purpose-built financial infrastructure.