Visa, Mastercard, and Coinbase Launch x402 Foundation for AI-Enabled Payments Standard

Visa, Mastercard, Coinbase, and 37+ other financial and tech companies have formed the x402 Foundation to develop an open AI-driven payments standard extending HTTP for seamless value transfers between users and machines. The initiative aims to prevent proprietary walled gardens and enable a global public financial system compatible with autonomous agent commerce.

This Wire brief sits within Fusion42's coverage of Fintech, AI Infrastructure and Payments. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.