Forty companies now govern x402, the protocol Coinbase built and handed away. It settled about $24 million last month across 75 million payments. The Linux Foundation has formally launched the x402 Foundation, backed by major card networks and tech firms, to standardize internet-native payments between software agents. The x402 protocol activates the long-reserved HTTP 402 “Payment Required” code to let clients pay servers directly with small stablecoin transfers, typically USDC, without accoun…
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