Coinbase and Cloudflare have partnered to establish the x402 Foundation, with the aim of establishing x402 as the universal standard for AI-driven payments.

BlockBeats News, September 23rd, Coinbase announced a partnership with Cloudflare to jointly launch the x402 Foundation, aimed at establishing x402 as a universal standard for AI-driven payments. The foundation will focus on:

1. Governance: Establishing x402 as a neutral, open standard to encourage adoption by developers, businesses, and AI platforms.

2. Ecosystem Development: Supporting developers in building on x402 by providing funding, tools, and resources.

3. Interoperability: Ensuring that x402 can seamlessly operate across different platforms, industries, and regions.