Google, Microsoft and Amazon Web Services are among the Big Tech firms named as founding members of the newly launched x402 Foundation, established to govern and standardize the x402 protocol for agentic AI payments on crypto and fiat rails.\u00a0<\/p>\n
The x402 Foundation was launched on Thursday by the open-source software development non-profit Linux Foundation with the help of Coinbase, the creators of the x402 protocol.<\/p>\n
Other founding members of the x402 Foundation include American Express, Mastercard, Visa, Cloudflare, Shopify, Stripe, Circle, Base, Polygon Labs, Solana Foundation, Thirdweb and KakaoPay.<\/p>\n
“The internet was built on open protocols,” Jim Zemlin, CEO of the Linux Foundation, said<\/a> on Thursday, as he explained why the x402 protocol should adopt an open-source structure.<\/p>\n Launching the x402 protocol under the Linux Foundation gives it a \u201cneutral, nonprofit home,\u201d said<\/a> Coinbase. It could help attract more support from tech firms and developers than if it were launched under a company banner.\u00a0<\/p>\n The Linux Foundation is considered one of the largest and most influential open-source software nonprofits in the world.\u00a0<\/p>\n The move comes amid a broad industry belief that AI agents could become the dominant users of blockchain payments in the coming years.\u00a0<\/p>\n \u201cThere will be more AI agents transacting online than humans very soon,\u201d Coinbase CEO Brian Armstrong said, echoing comments from Circle CEO Jeremy Allaire<\/a> in January that \u201cliterally billions of AI agents\u201d will be transacting onchain in three to five years.<\/p>\n Former Binance CEO Changpeng Zhao<\/a> also said<\/a> in January that crypto is the \u201cnative currency for AI agents,\u201d which will handle everything from buying tickets to paying bills without credit cards.<\/p>\n Related: <\/strong><\/em>How AI agents can reshape arbitrage in prediction markets<\/strong><\/em><\/a><\/p>\n x402 is an open payment standard that enables AI agents and web services to autonomously pay for API access, data and digital services. <\/p>\n Transaction activity for the x402 protocol peaked in November last year but quieted down in 2026, Dune Analytics data<\/a> shows.<\/p>\n A peak of 13.7 million transactions was observed between the week of Nov. 4-10, followed by another 13.66 million transactions the following week.<\/p>\n However, transaction activity<\/a> has fallen sharply since then, with weekly transactions falling between 29,000 and 1.1 million.<\/p>\n Magazine: <\/strong><\/em>AI agents will kill the web as we know it: Animoca\u2019s Yat Siu<\/strong><\/em><\/a><\/p>\n <\/div>\n Google, Microsoft and Amazon Web Services are among the Big Tech firms named as founding members of the newly launched x402 Foundation, established to govern and standardize the x402 protocol for agentic AI payments on crypto and fiat rails.\u00a0 The x402 Foundation was launched on Thursday by the open-source software development non-profit Linux Foundation with […]<\/p>\n","protected":false},"author":2,"featured_media":423345,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-423339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=423339"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423339\/revisions"}],"predecessor-version":[{"id":423346,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423339\/revisions\/423346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/423345"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=423339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=423339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=423339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}x402 transaction activity exploded before crashing down<\/h2>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d50ec-b97c-74ed-a54a-02725538cb6d.png\"\/)