Ripple announced it has joined the x402 Foundation as a “Primary Member,” an organization aiming to develop open payment standards for AI agents and web-based applications. Operating under the umbrella of the Linux Foundation, the organization aims to integrate payment transactions directly into internet-based interactions.
According to a statement from the Linux Foundation, the x402 Foundation has officially launched following the completion of the transfer of the x402 protocol, developed by Coinbase, to the foundation. With an open and unbiased governance structure, the organization plans to create a common standard that will allow AI agents, APIs, and applications to perform financial transactions as easily as exchanging data.
The x402 protocol embeds secure payment capabilities directly into HTTP-based internet interactions. This enables AI agents to purchase services, pay for API usage, or perform machine-to-machine transactions with other automated systems.
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