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Coinbase’s AI payments system joins Linux Foundation, gathers support from Google, Stripe, AWS and others

CoinDesk
Coinbase’s AI payment protocol x402 is moving to the Linux Foundation to establish an open, standardized infrastructure for autonomous agentic commerce.

Summary

Coinbase has transitioned its AI-focused payment protocol, x402, to the Linux Foundation to foster an open, community-governed ecosystem. Designed to handle high-frequency, sub-cent micro-transactions that traditional financial networks struggle to process, x402 aims to become a standard for AI-driven commerce, similar to how SSL functions for web security. The newly formed x402 Foundation has secured broad industry support from major companies including Google, Stripe, AWS, Mastercard, and Visa, ensuring the protocol remains transparent and interoperable as autonomous AI agents become more prevalent in digital commerce.

(Source:CoinDesk)