McKinsey: UX is Dying, AX is the New King - Q2 2026 Review

In today’s episode: the fresh industry pulse for late May. We explore the phenomenon of nano-transactions, the 'protocol war' for the right to become the 'Visa for machines,' and provide an exclusive review of heavy-hitting reports from Morgan Stanley, McKinsey, and BCG, as well as the latest data from WalletConnect and Artemis.Morgan Stanley: Focus on the $100T tokenization of wholesale banking.McKinsey: Focus on the $5T Agentic Commerce opportunity and AX (Agent Experience).Artemis: Tracks the Mastercard/BVNK acquisition and the consolidation of the stack.Keyrock: Maps the "Protocol War" and the 6-layer stack.Visa: Discusses the "AI Mullet" and "Policy-driven" payments.Revolut: Technical paper on their new PRAGMA foundation model.WalletConnect: Highlights the "Fragmentation" and "Compliance" gaps in the 2026 market.