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International Business Times
International Business Times

AI Agents Are Buying Things Online. Those Setting The Rules Aren't Govt. Regulators.

United States Coinbase CFPB International Business Times Mastercard the Linux Foundation Visa Washington D.C.
A 40-member industry body now governs the standard AI agents use to spend money. Washington has issued no rules of its own. The gap between them is where the risk lives. (Credit: Unsplash)

Last month, the Linux Foundation announced the operational launch of the x402 Foundation, a body that governs the open standard that AI agents use to make payments over the web.

Its premier members are in the payments and cloud industry: Adyen, Amazon Web Services, American Express, Circle, Cloudflare, Coinbase, Fiserv, Google, Mastercard, MoonPay, Ripple, Shopify, Solana Foundation, Stellar Development Foundation, Stripe and Visa.

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