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CoinVoice has recently learned that the Coinbase developer platform has announced the launch of a new Open Source payment protocol x402, aimed at activating the long-reserved but unused HTTP 402 status code "Payment Required", transforming it into a true on-chain payment layer suitable for API service providers, content creators, contextual protocols, and other new scenarios.


x402 allows servers to request payments, with clients (including humans and intelligent agents) responding instantly, supporting micro-payments on a pay-per-use basis without cumbersome subscriptions. Coinbase stated that this protocol is expected to simplify Web3 payment processes, providing new infrastructure for the agent economy and on-chain services.
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