Coinbase has introduced a new payment protocol for online payments that provide stablecoin transfer to common Internet protocols and AI agents that will transact autonomy.
On May 6, Coinbase announced This is launching a protocol called X402 for Instant Stablecoin payment directly to the Internet Communication Protocol http (Hypertext Transfer Protocol).
It allows Application Programming Interface (APIS), apps, and AI agents to transact seamlessly, “unlocking a faster, automatic Internet economy,” the firm Nakasa said.
Coinbase said the X402 “fixes the first mistake on the internet.” Protocol revived the HTTP 402 experiment “required by the” Payment “status code to create a seamless payment system native to the Internet.
The firm noted that traditional payment metals, such as credit cards, bank transfers and subscriptions, “were built for a pre-internet world.”
They are slow, expensive, limited to geography, and “riddle in manu -steps,” he added.
However, the X402 Embeds Stablecoin pays directly to web contacts, which requires minimal code integration, and is designed for both AI people and agents to transact the amount easily as an exchange of data.
The head of engineering on the Coinbase developer platform and co-author of X402 white paper, Erik Reppel, said, “We put the basis for an economy running not only people, but by software-autonomous, smart, and always in.”
Related: Coinbase sees the first crypto transaction between AI agents
Gagan Mac, vice president of the product management in the Circle, said X402 is “impressively simplifying real-time monetization” and unlocking “exciting new cases of use such as micropayments for AI agents and apps.”
Coinbase is launching a new cooperation protocol with AWS (Amazon Web Services), Stablecoin Issuer Circle, AI Company Anthropic and AI-focused proof-of-stake layer-1 blockchain Near the protocol.
Great benefits for agentic ai
AI agents can achieve economic autonomy through independent transacting without human intervention. The protocol allows AI agents to access real-time resources based on their needs and removes dependency on pre-paid credits, API keys, or human-governed accounts.
AI agents can also provide and pay for real-time hardware resources, accessing skilled data sources through micropayments, and pay others Ai systems for services.
X402 Protocol is essentially changing Ai agents From tools that require a constant human relationship with automatic economic actors that can be united to discover, buy and use resources to accomplish their goals.
Developers can use the protocol to monetize the APIs, create software unlocks and enable metered services that are dynamically charging users based on actual resource use, while content creators can make their content money without the need for blanket subscriptions or minimum credit cards and payments.
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