x402 Foundation Goes Live With Backing from Ripple, Google, Visa, and Coinbase

The Linux Foundation is taking a remarkable step toward AI-powered commerce with the launch of the x402 Foundation. With this launch, the platform intends to create an open standard for internet-native payments.

Notably, the organization will oversee the x402 protocol, originally created by Coinbase. Besides Coinbase, several other industry giants are also backing the project. These companies include Ripple, Google, Visa, Stripe, and Mastercard.

X402 Foundation to build an open payment layer for AI

In an official press release, the Linux Foundation announced the debut of the x402 Foundation, an organization to oversee the x402 protocol. The foundation will be operated under the company’s open governance model. This means that no single company has the authority over the organization. Instead, developers, financial institutions, cloud providers, and other industry members will together control it.

It is worth noting that the x402 protocol is designed to make internet-native payments as simple as exchanging data. The protocol helps AI agents and applications to transact directly over HTTP. It also supports a wide range of payment methods, including traditional card payments and stablecoins. Thus, it provides a flexible way for sending and receiving funds.

According to Linux Foundation CEO Jim Zemlin, AI agents are now largely involved in the global economy. But he believes that they lack a standardized form of online payments, which prompted the launch of the x402 Foundation. He added,

“The operational launch of the x402 Foundation marks a vital milestone in establishing an open, community-governed standard for payments over HTTP. By bringing together leading companies across finance, technology and more, we’re ensuring that the payment layer of the internet remains neutral, highly interoperable and ready to support digital commerce.”

Coinbase and major industry players back the x402 Foundation

As noted by the Linux Foundation, the x402 Foundation has gained support from major industry players, including Coinbase, the company behind the creation of the x402 protocol. Other major supporters include Ripple, Google, Visa, Stripe, and Mastercard.

Ripple is proud to join the x402 Foundation as a Premier Member.

As AI agents begin to take on more of the transaction lifecycle, they’ll need a way to pay that’s as fast and reliable as the way they already exchange data. We’ve been helping build that future on the XRP Ledger… https://t.co/eSzTyXBQFm

— Ripple (@Ripple) July 14, 2026

Coinbase’s AI product head, Lincoln Murr, stated:

“x402 was started at Coinbase to solve a real problem – AI agents had no native, interoperable way to pay for the things they needed to do. Moving the protocol to the Linux Foundation, with dozens of members spanning every corner of internet payments and infrastructure, is how open technology earns lasting trust across an industry. We look forward to building out x402 further with the community.”

Since the company announced plans to launch the x402 Foundation in April, about 40 platforms have expressed their support. The founding members include Ripple, Google, Visa, Coinbase, Stripe, Amazon Web Services (AWS), Mastercard, Circle, Cloudflare, Shopify, MoonPay, and American Express. Ripple’s Markus Infanger noted:

“Open standards like x402 help lay the foundation for trusted, interoperable machine-to-machine payments. We’ve been building the tools and infrastructure needed to support that future on the XRP Ledger, including support for x402 that enables agents to transact using XRP and RLUSD today.”

The organization has also received backing from several general and associate members from the blockchain and tech sectors. These platforms, together, intend to govern the protocol as an open standard for internet-based payments.

Source:: x402 Foundation Goes Live With Backing from Ripple, Google, Visa, and Coinbase