tech
Visa invests in Replit to power agentic payments for developers
Visa said that over 1,000 employees has been using Replit for prototyping and development
TL;DR
- Visa has invested in AI coding platform Replit.
- The companies are exploring integration of Visa's payment products into Replit.
- This could allow developers and their AI agents to accept payments directly on the platform.
- Over 1,000 Visa employees currently use Replit for prototyping and development.
- The partnership involves exploring Visa's AI-powered payments and Trusted Agent Protocol for secure agent verification.
- This move is part of a larger trend towards 'agentic payments' where AI agents make purchases on behalf of users.
- Replit is also launching self-serve enterprise access for companies to sign contracts up to $200,000 without sales interaction.
- Replit has seen rapid growth in valuation, reaching $9 billion in March.