Payment Giants Unite: Visa, Mastercard, and Ripple Back Coinbase's x402 Protocol
The digital payment landscape is shifting as the x402 protocol gains massive institutional momentum. Originally built by Coinbase and released as an open-source standard, x402 has secured backing from industry titans including Visa, Mastercard, and Ripple, marking a new era for blockchain-based settlements.
Data reveals a staggering scale of operations, with the protocol settling roughly $24 million across 75 million payments last month. As agent payments average just 32 cents, the widespread adoption of x402 is set to redefine transaction efficiency and micro-payment infrastructure globally.
The x402 protocol, an open-source innovation developed by Coinbase, is rapidly becoming a cornerstone of the financial sector. Forty companies now govern the protocol, which has garnered significant backing from industry leaders such as Visa, Mastercard, and Ripple. In the past month alone, the network settled approximately $24 million across 75 million individual payments.
This surge in activity highlights the protocol's ability to handle high-frequency, low-value transactions, with agent payments averaging just 32 cents. The combination of Coinbase's architecture and the support of global payment giants positions x402 as a vital infrastructure for the future of decentralized finance.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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