Coinbase and Cloudflare will collaborate to establish the x402 Foundation, aiming to establish x402 as a universal standard for AI-driven payments.

Coinbase announced a partnership with Cloudflare to co-found the x402 Foundation, aiming to establish x402 as a universal standard for AI-driven payments. Coinbase stated that the x402 protocol is revolutionizing internet payments. By leveraging the HTTP "402 Payment Required" status code, x402 embeds payments directly into web interactions, enabling AI agents, APIs, and applications to exchange value as easily as data. This innovation eliminates the friction of traditional payment systems and paves the way for a new era of automated, scalable commerce.