TLDR Tech / Fintech
Big tech and crypto race to build payment rails for AI agents
Coinbase, Cloudflare, and Stripe are forming a nonprofit under the Linux Foundation to govern x402, an open-source protocol enabling instant machine-to-machine payments via stablecoins. With 20+ members, including Microsoft, Google, AWS, and Amex, x402 competes with Stripe and Paradigm's rival Machine Payments Protocol as both camps race to build the default payment rails for a world where AI agents transact millions of times daily without human involvement.
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