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Stripe, Coinbase Global, and Cloudflare are working together to form a nonprofit foundation called the x402 Foundation, which will manage the open x402 protocol for seamless online payments.
The foundation will be built under the Linux Foundation and will act as a neutral organization supporting x402, a universal payment standard. This standard allows payments to be built directly into everyday web interactions, so AI agents, APIs, and apps can send and receive money just as easily as they share data.
“By moving the x402 protocol under the stewardship of the Linux Foundation, we are ensuring that the future of agentic commerce remains neutral, …
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