Coinbase AI Payments System Joins Linux Foundation With Backing From Google, Stripe and AWS
According to the Linux Foundation, major technology and payments firms are backing the x402 Foundation to standardize how AI agents make payments across crypto networks and traditional payment rails.
The Linux Foundation announced the launch of the x402 Foundation, an industry governance initiative backed by major technology and payments companies to standardize how AI agents handle payments across cryptocurrency and traditional payment rails. The update reinforces that x402 is intended to let websites and APIs request and receive payments within standard HTTP interactions, positioning it as a native web payment layer. This development expands the topic’s scope by emphasizing AI agent payments and broader industry coordination beyond Coinbase’s earlier role in bringing the standard under Linux Foundation governance.
- x402 Foundation: An industry governance body under the Linux Foundation created to oversee the x402 payment standard.
- AI agents: Software systems that can perform tasks autonomously; in this context, they are being targeted as users of standardized payment flows.
- HTTP: The standard protocol for web communication, which x402 uses to embed payment requests and receipts into normal website and API interactions.