Huo Xing Cai Jing reports that on April 3, Coinbase partnered with the Linux Foundation to launch the x402 Foundation, aimed at managing the x402 payment standard under an open governance model. This standard enables websites and APIs to directly request and receive payments within normal HTTP interactions, creating a native payment layer for the web. As the original creator of the protocol, Coinbase has contributed the technology to the Linux Foundation to ensure neutral development, while Coinbase and Base remain founding participants.
Coinbase and the Linux Foundation Launch the x402 Foundation for an Open Payment Standard
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Summary
Coinbase and the Linux Foundation have launched the x402 Foundation to manage the x402 payment standard under an open governance model. This protocol update introduces a native payment layer for the web, enabling websites and APIs to request and receive payments during HTTP interactions. Coinbase, the original creator, has contributed the technology to the Linux Foundation for neutral development. The move marks a key token launch news event, with Coinbase and Base joining as founding participants.
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