Tech, crypto giants steward Coinbase's x402 payments protocol

Coinbase's agentic payments protocol, x402, is being moved to the Linux Foundation, with significant backing from major tech and finance players like Google, Amazon Web Services, American Express, and Visa. This initiative aims to create an open and neutral payment system for internet transactions, supporting both crypto and traditional payment methods. The protocol, named after the HTTP 402 'Payment Required' status code, is designed for efficient, high-frequency micro-transactions. By operating under the Linux Foundation, x402 is intended to remain vendor-neutral and foster broad participation and transparency in its development.