CoinDesk·4 min read·hard
Visa, Mastercard and Ripple back x402 as agent payments average 32 cents
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Shaurya Malwa
✦AI Summary
The Linux Foundation has formalized governance for the x402 protocol, a payment standard backed by major financial and tech firms like Visa, Mastercard, and Google. The protocol enables machine-to-machine micro-payments, allowing autonomous AI agents to conduct transactions without traditional banking infrastructure.
The Linux Foundation said Tuesday that the x402 Foundation is now operating under formal governance with 40 members, and that Coinbase's contribution of the protocol is complete.
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