Coinbase and Cloudflare Team Up for AI-Driven payments
Coinbase and Cloudflare are joining forces to launch the x402 Foundation.This new entity aims to make AI-powered payments as easy as sending an email.
The x402 protocol is a universal framework for real-time, stablecoin-based transactions. It enables everything from creator micropayments and pay-per-use AI services to agent-to-agent commerce. By embedding payments directly into the web, the protocol allows AI agents, businesses, and apps to transact autonomously, unlocking a new frontier where blockchain meets intelligent, automated commerce at scale.
Coinbase and Cloudflare announced their partnership on Tuesday, Sept. 23. The x402 Foundation aims to promote the AI-powered payments system via the x402 protocol. According to Dan Kim,vice president of business advancement and listings at Coinbase,the mission of the x402 foundation is to drive a new era in payments. The protocol will be the standard for AI payments, allowing for accelerated growth of the agentic commerce ecosystem.
The x402 protocol enables users and businesses to exchange value on the web via a common language. The foundation will focus on scaling the protocol for these milestones, with initiatives around developer grants, resources, and interoperability.
With the x402 Foundation, we’re laying the groundwork for a future where AI agents can autonomously transact, creating entirely new workflows and business models. The protocol allows for autonomous transfers and payments between AI agents, businesses, and apps.
Cloudflare stated in a separate update that users can leverage x402 to monetize traditional use cases. However, the protocol also allows for monetization of novel use cases, including efforts such as AI assistants that can buy from multiple merchants, an AI agent that can pay for each browser rendering session, or an autonomous stock trader that can leverage micropayments. These are some of the new trends that benefit from “programmatic access to resources.”
Clients and servers capable of interpreting the x402 protocol are able to transact without the need for accounts, subscriptions, or API keys. The foundation will focus on scaling the protocol for these milestones, with initiatives around developer grants, resources, and interoperability.
With the x402 Foundation, we’re laying the groundwork for a future where AI agents can autonomously transact, creating entirely new workflows and business models. The x402 protocol allows for monetization of novel use cases, including efforts such as AI assistants that can buy from multiple merchants, an AI agent that can pay for each browser rendering session, or an autonomous stock trader that can leverage micropayments. The x402 protocol allows for autonomous transfers and payments between AI agents, businesses, and apps.
Cloudflare stated in a separate update that users can leverage x400 to monetize traditional use cases. The x402 protocol creates a universal framework for real-time,stablecoin-based transactions—enabling everything from creator micropayments and pay-per-use AI and research,storage and media and agent-to-agent payments. The x402 is a framework that enables users and businesses to exchange value on the web via a common language, the companies said in an declaration.
By having payments embedded directly into the web, the x402 protocol allows for autonomous transfers and payments between AI agents, businesses, and apps.
With the x402 Foundation, we’re laying the groundwork for a future where AI agents can autonomously transact, creating entirely new workflows and business models. the x402 protocol allows for monetization of novel use cases,including efforts such as AI assistants that can buy from multiple merchants,an AI agent that can pay for each browser rendering session,or an autonomous stock trader that can leverage micropayments.
