Today, Coinbase has announced its plans to launch the X402 Foundation in collaboration with Cloudflare.
This new initiative is designed to establish the X402 as the Catholic standard for payments with AI. By creating a neutral, open model, companies are aiming to unlock full trade potential, allowing uninterrupted, autonomous transactions between AI, business and users representatives.
The X402 protocol changes the way payments on the internet. Utilizing the status code http “402 Payment Required”, the X402 incorporates payments directly into internet interactions, allowing AI, API and applications to deal with value as perfect as they exchange data. This innovation eliminates the friction of traditional payment systems, paving the way for a new era of automated, scalable trade.
The ecosystem is rapidly expanding as developers and companies recognize its potential. And while adoption is still in its early stages, the X402 already supplies cases of transformation.
As the momentum accelerates, the X402 is ready to become the backbone of agents -based economies, turning the way in which value is exchanged throughout the internet. However, for the X402 to fully utilize its potential, it must be an open, neutral standard. The X402 Foundation ensures transparent governance, promotion of cooperation and inviting contributions from all over the ecosystem.
Old -type payment systems were manufactured for people, not machines. They are based on intermediaries, subscriptions and manual processes that make it almost impossible for the precision of trade in escalation. The X402 changes this, allowing real stablecoin -based transactions that are fast, safe and friction without friction.
The X402 Foundation will be co -founded by Coinbase and Cloudflare, with additional members being announced.
Coinbase commented:
“Working with Cloudflare allows us to make use of their know -how on internet infrastructure and global scalability to ensure that the X402 becomes a truly universal model.