The new body, which will steward the x402 payments protocol, is backed by 40 members including Visa, Mastercard, Google and Microsoft.

Ripple has joined the x402 Foundation as a Premier Member, placing XRP and RLUSD within an industry effort to develop internet-native payments for AI

Forty companies now govern x402, the protocol Coinbase built and handed away. It settled about $24 million last month across 75 million payments.