Linux Foundation's Latest Foray Is To Standardize Internet-Native Payments For AI Agents

Today, the Linux Foundation launched the x402 Foundation to standardize internet-native payments for AI agents, APIs, and applications, based on Coinbase's contributed x402 protocol. Backed by companies including AWS, American Express, Cloudflare, Google, Mastercard, Stripe, and Visa, the effort aims to make payments work directly over HTTP (assuming users are comfortable letting AI agents handle financial transactions). "The whole idea is to give agents access to money and, through that financial independence, improve their set of capabilities to pretty much anything on the internet," Lincoln Murr, Coinbase's AI product lead, told CNBC last month when the company announced the protocol. "In the 2010s, every internet company dealt with the transition from desktop and web into a mobile environment. And now in the late 2020s, we're seeing the exact same thing happen where agents are going to be the new primary economic actors on the internet."

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