x402 Foundation Launches with Ambitious Goal for Open Payment Standard

The launch of the x402 Foundation marks a significant development in the world of online payments. As a non-profit organization under the Linux Foundation, the foundation brings together over 20 founding members from the technology, payments, and finance sectors.

The x402 protocol is designed to embed payments directly into web-based interactions, enabling AI agents, apps, and APIs to send and receive value as easily as they exchange data. This open standard supports both fiat and crypto payment rails globally, operating across multiple blockchains and payment networks without relying on a single party.

The x402 Foundation welcomes developers, startups, and enterprises of all sizes to join its membership, offering a direct role in governing how the world transacts online. Through collective governance, the foundation aims to advance the open payments standard across different regions and platforms, mirroring the development of other internet protocols such as HTTP and SMTP.