The post Coinbase and Cloudflare’s x402 Protocol Sets New Transaction Record appeared on BitcoinEthereumNews.com. Key Points: x402 protocol by Coinbase sees a 492.63% weekly transaction increase. Reaches all-time high of 156,492 transactions utilizing USDC payments. Key figures Erik Reppel of Coinbase and Matthew Prince of Cloudflare support initiative. The x402 protocol, co-developed by Coinbase and Cloudflare, witnessed a remarkable 492.63% surge in weekly transactions, reaching an all-time high of 156,492 on October 25th, 2023. This surge highlights x402’s growing role in internet-native payments, setting a potential standard for AI-driven transactions, and indicating increased industrial interest in blockchain-agnostic micro-payment systems. Coinbase’s x402 Protocol Hits 156,492 Transactions Coinbase’s x402 protocol experienced a notable increase in transaction volume, setting a new high. Developed as an open-source infrastructure for seamless payments, x402 aims to enable autonomous payments using stablecoins like USDC, without requiring complex account setups or signature processes. The protocol’s success demonstrates its potential role in shaping Internet commerce by facilitating instant transactions for AI agents. Market analysts observe this record growth as a sign of industry-ready solutions, reinforcing Coinbase’s pioneering efforts in blockchain-agnostic payment technology. Industry leaders, including Coinbase’s Erik Reppel, express strong endorsement, acknowledging the protocol’s impact. Matthew Prince of Cloudflare lauds Coinbase for their foundational work, foreseeing x402 as an integral component in online commerce growth across diverse markets. “Coinbase has been exploring Internet payment standards since 2015, and the technology is finally here. Agentic commerce is a once-in-a-generation opportunity to rethink how value moves online. The x402 Foundation will help lay the groundwork to make it happen.” — Erik Reppel, Head of Engineering, Coinbase USDC Stability Continues Amid x402 Protocol Growth Did you know? Coinbase and Cloudflare’s collaboration on x402 marks a significant pivot towards integrating blockchain-agnostic solutions for AI economies, setting a standard in Internet commerce unlike past attempts constrained by traditional payment models. According to CoinMarketCap, USDC trades at $1.00 with… The post Coinbase and Cloudflare’s x402 Protocol Sets New Transaction Record appeared on BitcoinEthereumNews.com. Key Points: x402 protocol by Coinbase sees a 492.63% weekly transaction increase. Reaches all-time high of 156,492 transactions utilizing USDC payments. Key figures Erik Reppel of Coinbase and Matthew Prince of Cloudflare support initiative. The x402 protocol, co-developed by Coinbase and Cloudflare, witnessed a remarkable 492.63% surge in weekly transactions, reaching an all-time high of 156,492 on October 25th, 2023. This surge highlights x402’s growing role in internet-native payments, setting a potential standard for AI-driven transactions, and indicating increased industrial interest in blockchain-agnostic micro-payment systems. Coinbase’s x402 Protocol Hits 156,492 Transactions Coinbase’s x402 protocol experienced a notable increase in transaction volume, setting a new high. Developed as an open-source infrastructure for seamless payments, x402 aims to enable autonomous payments using stablecoins like USDC, without requiring complex account setups or signature processes. The protocol’s success demonstrates its potential role in shaping Internet commerce by facilitating instant transactions for AI agents. Market analysts observe this record growth as a sign of industry-ready solutions, reinforcing Coinbase’s pioneering efforts in blockchain-agnostic payment technology. Industry leaders, including Coinbase’s Erik Reppel, express strong endorsement, acknowledging the protocol’s impact. Matthew Prince of Cloudflare lauds Coinbase for their foundational work, foreseeing x402 as an integral component in online commerce growth across diverse markets. “Coinbase has been exploring Internet payment standards since 2015, and the technology is finally here. Agentic commerce is a once-in-a-generation opportunity to rethink how value moves online. The x402 Foundation will help lay the groundwork to make it happen.” — Erik Reppel, Head of Engineering, Coinbase USDC Stability Continues Amid x402 Protocol Growth Did you know? Coinbase and Cloudflare’s collaboration on x402 marks a significant pivot towards integrating blockchain-agnostic solutions for AI economies, setting a standard in Internet commerce unlike past attempts constrained by traditional payment models. According to CoinMarketCap, USDC trades at $1.00 with…