The x402 payment protocol has been migrated to the Linux Foundation, with technology and financial giants participating in governance.

Coinbase-incubated neutral internet payment protocol x402 will migrate to the Linux Foundation and operate as an independent foundation. Amazon Web Services, American Express, Ant International, Base, Circle, Google, KakaoPay, Mastercard, Microsoft, Polygon Labs, Shopify, Solana Foundation, Visa, and others will participate in protocol governance as new members. Named after the HTTP 402 "Payment Required" status code, x402 is positioned as an open and neutral payment standard supporting crypto assets and traditional payment channels (credit cards, ACH, bank transfers, etc.), aiming to become a "proxy payment" platform.