Visa
3 months agoNews Editor

Visa, Stripe and Google join x402 Foundation to back AI agent payment standard

More than 40 organizations, including Visa, Stripe and Google, have joined the x402 Foundation to support an open standard for AI agent payments, according to Techub News, citing CoinDesk. The x402 protocol was developed by Coinbase and is hosted by the Linux Foundation. It is designed to let AI agents make automated payments over HTTP, removing the need for subscriptions or manual credit card entry. The protocol’s name comes from HTTP status code 402, which stands for “Payment Required.” The foundation’s member list also includes Mastercard, American Express, Ripple, Shopify, Amazon Web Services, Circle and the Solana Foundation. The group is currently recruiting an executive director and setting up a technical steering committee. The move brings together payments companies, cloud providers and crypto firms around a common framework for machine-native payments. The report did not disclose further implementation details or a timeline.

2040
Visa, Stripe and Google join x402 Foundation to back AI agent payment standard
Linux Foundation
3 months agoNews Editor

Linux Foundation formally launches x402 Foundation with 40-company governance structure

The Linux Foundation has formally launched the x402 Foundation, according to The Block, setting up a governance structure made up of 40 member companies while Coinbase has already contributed the protocol. Founding members named in the report include Ripple, Visa, Mastercard, American Express, Stripe, Adyen, Fiserv, Shopify, Google, AWS, Cloudflare, Circle, MoonPay, the Solana Foundation and the Stellar Development Foundation. The x402 protocol lets servers answer requests with a 402 response code and a price, after which clients sign a stablecoin transfer, usually in USDC, and resend the request to access data. The design removes the need for accounts, credit cards, or a preexisting relationship between the two sides, and the report said it is naturally suited to AI agent use cases. The move follows an April update that said x402, a neutral internet payments protocol incubated by Coinbase, would move under the Linux Foundation and operate through an independent x402 Foundation.

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Linux Foundation formally launches x402 Foundation with 40-company governance structure
Linux Foundation
3 months agoNews Editor

Linux Foundation launches x402 Foundation for open payment standards

The Linux Foundation has launched the x402 Foundation to develop open payment standards for AI agents, APIs, and applications, according to an Odaily newsflash. The newly announced group is aimed at work around payment infrastructure tied to these emerging software and service environments. Membership currently stands at 40 organizations. Named participants include Amazon Web Services (AWS), Google, Visa, Mastercard, Stripe, Coinbase, Ripple, and Circle. The announcement identifies the foundation as a standards-focused effort under the Linux Foundation umbrella, with its stated mission centered on building an open framework for payments across AI agents, APIs, and applications.

2040
Linux Foundation launches x402 Foundation for open payment standards
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