Coinbase has introduced x402, a new open standard that revitalizes the HTTP '402 Payment Required' status code, enabling developers and AI agents to seamlessly incorporate stablecoin payments into web interactions. Traditional payment methods are often cumbersome, slow, and geographically limited, prompting the need for a more efficient solution. The x402 initiative aims to create payment systems that are as fluid as information exchange on the internet, highlighting the demand for real-time, native web payments utilizing stablecoins.
Traditional payment systems were bolted onto the digital world rather than being born from it. They're often slow, can sting with unexpected costs, and are fenced in by geography.
It's clear we're crying out for something better, something built for this era. We need payment rails that can keep pace with autonomous AI agents, embrace the utility of stablecoins.
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