Coinbase partners Linux Foundation for payments

Coinbase is transferring its x402 protocol, designed for internet-native and agentic payments, to the Linux Foundation. This move establishes a neutral governing body, the x402 Foundation, to oversee the universal standard. By open-sourcing the protocol under the Linux Foundation's stewardship, Coinbase aims to foster broader adoption and collaboration within the developer community. This initiative could pave the way for a more integrated and efficient global payment infrastructure, simplifying cross-border transactions and enabling new forms of automated financial interactions.