Linux Foundation Launches x402 Foundation for AI Payments
- The Linux Foundation announced the launch of the x402 Foundation on April 2, 2026, in New York.
- Coinbase contributed the x402 protocol to serve as an open-source standard for internet-native payments.
- The initiative is supported by over 20 industry leaders, including Google, Microsoft, and Visa.
- Solana Foundation has been an early adopter, accounting for nearly 65% of x402 transaction volume this year.
The x402 protocol aims to embed payment capabilities directly into web interactions for AI agents and applications, ensuring transparency and interoperability across the global financial ecosystem. The foundation will operate under the global jurisdiction of the Linux Foundation in New York.
The launch of the x402 Foundation marks a significant step towards creating a neutral layer for autonomous commerce between AI agents across different jurisdictions, with substantial early adoption by Solana accounting for a large share of transaction volume this year. (Source)
