x402 is not hype, but the arrival of an era!

x402 is a Web native payment standard.

The main application scenarios of the X402 protocol are:

API access, AI agents (AgentFi), machine-to-machine payments (MachineFi), micropayments, pay-per-use, etc.

The characteristics of these scenarios are: small amounts, fast, and no manual verification.

The traditional internet is an information internet, while the network of capital flow is the offline financial system, which are two parallel systems; it is impossible to meet the demand for payments on a single network.

In the blockchain network, funds (cryptocurrency) are born within this network system, and therefore, instant payment can be achieved.

In fact, the traditional Internet's HTTP protocol has reserved a status code called "402 payment required", but due to the reasons mentioned above, it has remained inactive.

x402 has created a standardized way to activate the HTTP 402 status code, allowing any web service to request payment before providing a response, enabling fast, private, and efficient payments using cryptocurrency.

In other words, X402 has bridged the gap between blockchain and web2, allowing for small and fast payment scenarios in web2 to be paid and settled using cryptocurrencies!