Coinbase and Cloudflare have announced the creation of X402, an initiative designed to create X402 as a global standard for acting payments.
The exchange of encryption stated that this step aims to accelerate the adoption of “agent trade”, as the artificial intelligence agent, companies and users can deal smoothly and independently.
The X402 protocol benefits from the HTTP 402 status “required”, which leads to the inclusion of payments directly in web reactions.
This is said to allow artificial intelligence agents, applications, applications programming programs to exchange value easily as data exchange.
Coinbase explained that unlike traditional payment systems, which depend on brokers and subscriptions, X402 allows the instant stablecoin -based transactions that are safe and developed.
The company added that the Foundation will focus on governance, the growth of the ecosystem, and the interview to ensure X402 functions as an open and neutral standard. Developers will be supported by grants, tools and resources, while efforts will be made to integrate the protocol through platforms and industries.
Indeed, X402 is tried through many cases of use, including access to each use to artificial intelligence models, actual time data, creative micropayments, storage and content delivery.
Companies believe that future applications can witness independent artificial intelligence systems, such as self -driving taxis or supply chains, and deal with their financial transactions.
Cloudflare will contribute to its infrastructure experience, with the addition of features such as postponed payments for the “payment for each crawl” service.
The partners said that more members will be added to the institution over time, including e -commerce companies, artificial intelligence developers and payment providers.
Coinbase described the launch as a step towards a “programmed economy”, laying the foundations for a new era of digital payments.