Coinbase AI payments protocol joins Linux Foundation

Coinbase's AI-driven payment protocol, x402, is transitioning to the Linux Foundation to foster an open, standardized ecosystem for high-frequency micro-transactions. This move aims to address limitations in legacy finance systems by creating a community-governed infrastructure. Major technology and finance companies, including Google, Stripe, AWS, and American Express, are joining the x402 Foundation to support the development of this protocol. The initiative seeks to establish a secure and interoperable standard for agentic payments, similar to SSL for web connections, enabling autonomous transactions at a fraction of a cent.