Key Facts

• Meta's Chief Data Officer, Alex Schultz, believes that agentic commerce will be the "next tier of business" for the company, enabling automated transactions and interactions between businesses and customers.
• Schultz sees stablecoins as a key component of this vision, assuming they are already integrated inside Meta, and predicting that physical wallets will become obsolete in the future.
• Meta has over a million weekly active businesses using its agents, which have been used for tasks such as coordinating children's birthday parties, booking times, checking calendars, and finding venues.
• Schultz cited WeChat's red envelope model and Line's commerce infrastructure in Japan, Thailand, and Taiwan as examples of successful conversational commerce at scale, and noted that Meta has over a million small businesses doing commerce in conversation on WhatsApp in Brazil and India.
• Schultz expressed interest in decentralization and proof-of-humanity systems, stating that if a decentralized service can provide verification at scale, Meta would be interested in using it to facilitate transactions in the agentic economy.