Ripple, alongside a range of other cryptocurrency-oriented firms, has joined the newly operational x402 Foundation as a premier member.
Hosted by the Linux Foundation, the organization is designed to oversee x402 – an open protocol contributed by Coinbase that embeds payments directly into standard web interactions.
The main purpose of the technology is to let AI-based agents, applications, and APIs send and receive money as easily as they exchange data.
The protocol could become increasingly important as AI agents move from making recommendations to actually purchasing services, accessing paid APIs, and completing transactions entirely on their own. Through open, vendor-neutral governance, the foundation aims to ensure that this emerging payment infrastructure supports various networks and payment methods without being controlled by a single company.
Speaking on the matter was Markus Infranger, senior vice president of RippleX, who said:
“Open standards like x402 help lay the foundation for trusted, interoperable machine-to-machine payments.”
He also added that Ripple has already developed XRP Ledger infrastructure, which supports x402. This should enable AI agents to transact using XRP and the company’s RLUSD stablecoin.
Source: CryptoPotato
