Coinbase and Cloudflare have announced the formation of the x402 Foundation, aiming to establish x402 as a universal standard for AI-driven payments. The x402 protocol utilizes the HTTP "402 Payment Required" status code to integrate payments directly into web interactions, facilitating seamless value exchange for AI agents, APIs, and applications. This initiative seeks to eliminate traditional payment system frictions, ushering in a new era of automated commerce. The x402 Foundation will focus on governance, ecosystem development, and interoperability. It aims to establish x402 as a neutral, open standard to encourage widespread adoption, support developers with grants and resources, and ensure seamless operation across various platforms and industries.
Coinbase and Cloudflare Launch x402 Foundation for AI Payment Standard
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