The Linux Foundation, one of the nonprofit organizations enabling mass innovation through open source, recently announced the operational launch of the x402 Foundation and the completed contribution of the x402 protocol by Coinbase. The Foundation is now fully active under formal, open governance to steward the x402 protocol – the universal standard that embeds secure payment capabilities directly into web interactions, allowing AI agents, APIs, and applications to process financial transactions as easily as they exchange data.
“AI agents and automated systems are becoming active participants in the global economy, yet they have lacked a native, secure way to transact,” said Jim Zemlin, CEO of the Linux Foundation. “The operational launch of the x402 Foundation marks a vital milestone in establishing an open, community-governed standard for payments over HTTP. By bringing together leading companies across finance, technology and more, we’re ensuring that the payment layer of the internet remains neutral, highly interoperable and ready to support digital commerce.”
Under the neutral governance of the Linux Foundation, the x402 Foundation will allow developers, financial institutions, cloud providers and other community members to collaboratively shape the protocol’s development. This open structure ensures that payments remain highly secure and adaptable, supporting multiple payment types, from traditional cards to stablecoins, without vendor lock-in.
Since the Foundation’s intent to launch in April, 40 organizations have joined as members. Premier members include Adyen, Amazon Web Services (AWS), American Express, Circle, Cloudflare, Coinbase, Fiserv, Google, Mastercard, Monad Foundation, MoonPay, Ripple, Shopify, Solana Foundation, Stellar Development Foundation, Stripe, and Visa. General members include Aleo, Fireblocks, Galaxia Moneytree, Hecto Financial, Injective, KakaoPay, Kite AI, LayerZero Labs, Merit Systems, NEAR Foundation, Orthogonal, Polygon Labs, Quant Network, SKALE, t54 labs, utexo, World Liberty Financial, and zerohash. Associate Members include BSV Association, Cardano Foundation, Casper and Japanese Contents Blockchain Initiative, and OMA3.
For more info on launches, check out the links below:
Basys Enhances iQ Pro+ App for Faster Service Business Payments
Sonic Labs Launches Spawn, an AI Platform for Building Web3 Apps
BofA Unveils AI-Driven Capital Markets Insights on CashPro App
