Coinbase, Google, Stripe Launch x402 Foundation to Build Payment Rails for AI Agents
Major tech and payment companies are forming the x402 Foundation to govern a new protocol enabling AI agents to make autonomous payments. Coinbase, Google, Microsoft, Stripe, Visa, and Mastercard join forces under the Linux Foundation to build financial infrastructure for machine-to-machine commerce, reviving a dormant internet code to handle millions of high-frequency, low-value transactions daily.