Blockchain infrastructure company Alchemy has launched AgentPay, an interoperability tool designed to enable communication between AI payment systems.

 

AgentPay was introduced with the goal of addressing the fragmentation that exists among AI payment agents. By unifying different payment agents regardless of the payment protocols they use, AgentPay enables agents, including those from major payment companies such as Coinbase, Stripe, Visa, and Circle, to work together and communicate with one another.

 

The Fragmentation Problem 

There has been a shift in recent times in the way AI agents are used, with AI agents evolving from being chat assistants like ChatGPT into autonomous economic actors.

 

These AI agents do not only assist or provide feedback. They are able to independently discover services, compare options, negotiate, and execute payments without human intervention. This development has been described by some as the agentic commerce era.

 

With major technology and finance institutions such as OpenAI, Anthropic, Google, Coinbase, Stripe, Visa, Mastercard, and Circle actively developing and deploying AI agents capable of conducting real transactions, the adoption of AI in commercial activity has accelerated over the past year. Because these agents often rely on different payment protocols, communication between AI payment agents and systems can be complex. 

 

This fragmentation, if left unresolved, could hinder the growth of businesses integrating AI into their platforms. Analysts project that up to 90 percent of business-to-business purchases could be facilitated by AI agents by 2028, making compatibility with AI agents increasingly important for businesses, regardless of the underlying protocol used by the agent.

 

If an AI agent is not compatible with a business’s application programming interface (API) or service, it may simply move on to another platform that is compatible. In this environment, the most compatible platform may gain a significant advantage. This challenge is what Alchemy’s AgentPay aims to address. 

 

Image credit: Alchemy

 

Instead of requiring businesses to build separate integrations for every protocol used by AI agents, businesses can register their existing application programming interface endpoints with Alchemy. After that, AgentPay generates a proxied endpoint, which is a single, uniform URL that AI agents can use to make payments regardless of the protocol they use, including x402, MPP, A2P, or L402.

 

 

The internet has always had a payments problem. HTTP moved data. SMTP moved email. But money? Money got stuck behind proprietary rails, bank integrations, and checkout forms that were never really built for a digital-first world. That gap, which the industry has spent decades papering over with varying degrees of success, is now the target of something bigger than any one company: the x402 Foundation, launched today under the Linux Foundation, with Coinbase, Cloudflare, and Stripe among its founding backers.

 

The announcement, timed to April 2 (a nod to HTTP status code 402, "Payment Required"), marks a formal step toward turning x402 into a neutral, community-governed standard. And the list of companies signing on makes it hard to dismiss as just another crypto lab experiment. Adyen, Amazon Web Services, American Express, Ant International, Google, Mastercard, Microsoft, Shopify, the Solana Foundation, Visa, and more than a dozen other names from across fintech, big tech, and crypto all attached their names to the effort.

 

What x402 Actually Does

The protocol is simple. When a client tries to access a resource gated behind x402, the server responds with the 402 Payment Required status code along with machine-readable payment instructions: amount, asset, network, recipient. The client then attaches a payment authorization header and resends the request. A facilitator verifies the payment and settles the transaction. That is the whole flow. No accounts, no subscriptions, no API keys, no manual billing cycles.

 

Coinbase launched the first version in May 2025, quietly, with the 402 HTTP status code having sat largely dormant since it was first defined in the early 1990s. Within months the protocol had processed over 100 million payments across APIs, apps, and AI agents. By December, the team shipped x402 V2, which added multi-chain support by default, cleaner separation between clients, servers, and facilitators, and the architectural foundations for session management and identity. The reference SDKs are available across TypeScript, Go, and Python.

 

Transaction costs sit near zero, with Coinbase's facilitator offering the first 1,000 transactions per month free and charging $0.001 per transaction beyond that. For micropayments, the kind worth a fraction of a cent that credit card networks have never handled well, that matters enormously. The protocol currently runs on Base, Polygon, and Solana, with stablecoins like USDC as the primary settlement layer. Future versions are designed to accommodate traditional rails as well, including ACH, SEPA, and card networks, using the same payment model.

 

Why This Moment, Why This Structure

The timing is not accidental. The push into autonomous AI agents across the industry has exposed a glaring problem: agents need to pay for things. When an AI assistant browses the web to buy something, or a trading bot needs a real-time data feed, or a robot needs to procure compute on the fly, making a human stop and authorize each payment defeats the entire point. What the industry needs is a payment primitive that works the way HTTP works: in the background, at machine speed, without friction.

 

"The internet was built on open protocols," said Jim Zemlin, CEO of the Linux Foundation, in comments tied to the launch. The Foundation's involvement is a deliberate move to ensure no single company ends up owning the payment layer of the agentic web. Cloudflare CEO Matthew Prince echoed that logic in September when the two companies announced their intent to launch the Foundation together: the internet's core protocols have always been governed independently, and x402 should be no different.

 

That governance structure is a meaningful part of the pitch. The x402 Foundation is framed explicitly as stewardship, not ownership. No single company controls the standard. The membership body is open to developers, startups, and enterprises. Cloudflare's alignment with the effort also signals that x402 is being treated as infrastructure at the edge level, not just a crypto developer toy. Integrating x402 into Cloudflare's edge compute and CDN stack means payment requests can slot into everyday web workflows the same way SSL became table stakes for basic security.

 

The Bigger Picture

Early use cases already live in production. Hyperbolic, an AI compute marketplace, uses x402 for AI agents paying per GPU inference session rather than committing to a monthly subscription. OpenMind has robots autonomously procuring compute and data. Cal.com embeds x402 for paid human interactions directly inside scheduling workflows. The scope of what a frictionless pay-per-use primitive unlocks is genuinely wide, and that is before the protocol adds broader identity support and more payment backends.

 

There are real risks worth naming. The protocol currently leans heavily on Coinbase's own facilitator infrastructure, which handles verification and settlement and is, today, the most mature option in the ecosystem. Cloudflare and others reduce protocol-level concentration, but early traffic still routes largely through Coinbase's stack. The facilitator is free now. That may not last indefinitely once network effects solidify. And unlike credit card networks, x402 has no network-level payment reversal. Refunds require a compensating transfer from the merchant, making the protocol closer to cash than to a reversible card transaction. For high-frequency API calls that is a feature. For consumer flows that expect buyer protections, it is a liability worth monitoring.

 

What x402 has going for it, beyond the technical architecture, is the coalition. Visa and Mastercard alongside the Solana Foundation and Polygon Labs in the same founding member list is unusual. Google Cloud's managing director for Web3 and Digital Assets called the shift toward agentic commerce a fundamental reason Google is joining, describing the need for cloud infrastructure that is as open as the protocols it supports. Whether that breadth translates into real interoperability or remains aspirational will be one of the defining stories to watch as the Foundation gets off the ground. If x402 does become foundational plumbing, the question will be who benefits most from having been at the table when the standard was written.

 

The idea of autonomous software agents paying for things on the internet has floated around for years. It usually sounds futuristic, theoretical, or slightly impractical. That is starting to change.

 

MultiversX has taken a concrete step into that future by supporting a new payments standard designed specifically for AI agents, aligning itself with infrastructure backed by both Google and Coinbase. While much of the industry is still debating what “agentic commerce” actually means, MultiversX is already shipping real integrations.

 

At a time when blockchains are competing for relevance beyond speculation, this move places MultiversX squarely inside one of the most important conversations happening in tech right now, how AI systems will transact value on their own.

 

 

From Smart Contracts to Autonomous Commerce

Agentic commerce is simple in concept but complex in execution. Instead of humans clicking buttons and entering card details, software agents discover services, decide whether they are worth paying for, and complete payments automatically.

 

That requires more than just fast block times or cheap fees. It needs payment infrastructure that works natively with the internet itself, without logins, dashboards, or human workflows.

 

This is where the x402 payment protocol comes in.

 

Originally developed by Coinbase, x402 reimagines an old web standard, HTTP 402 Payment Required, and turns it into a real, usable payment flow. A server can request payment as part of a normal web response, and an AI agent can respond by sending a blockchain payment, all in one continuous interaction.

 

MultiversX now supports this model directly on its network.

 

 

Why MultiversX Fits This Moment

MultiversX has long positioned itself as a high performance, developer focused blockchain. What makes this integration notable is how cleanly it fits the chain’s existing strengths.

 

Fast finality, low fees, and native support for smart contracts make MultiversX a natural environment for autonomous agents that need to move quickly and operate at scale. Agentic systems do not wait for confirmations the way humans do. They make decisions continuously, sometimes hundreds or thousands per minute.

 

By enabling x402 payments, MultiversX allows these agents to pay for data, services, or compute the same way they request information today, through simple web interactions.

 

This is not a demo or concept release. Builders can already deploy agents that transact autonomously on MultiversX without custom billing systems or off chain payment logic.

 

 

Google’s Standards Push Adds Gravity

What makes this development more significant is that it does not exist in isolation.

 

Google has been quietly building its own framework for agent based commerce, known as the Agent Payments Protocol, or AP2. Rather than reinventing payments, Google’s approach is to support multiple settlement rails, including blockchain based ones.

 

x402 is one of those supported rails.

 

That means agents built using Google aligned standards can interact with services that settle payments on MultiversX, without bespoke integrations. In practical terms, it creates a bridge between traditional web infrastructure, AI agent frameworks, and blockchain settlement.

 

For MultiversX, this is a strong validation signal. It suggests the network is not just compatible with the next wave of AI commerce, but already aligned with how major technology companies expect that wave to work.

 

 

What This Enables

Most blockchain adoption stories focus on users. Wallets, apps, and onboarding flows. Agentic payments flip that perspective.

The primary users here are machines.

 

AI agents do not care about branding or narratives. They care about reliability, speed, and cost. If MultiversX can consistently provide those, it becomes part of the default stack for autonomous systems, quietly embedded beneath the surface.

 

This is arguably more durable than hype driven consumer adoption. Once agents are built around a payment rail, switching costs rise quickly.

 

With agentic payments live on MultiversX, a new set of use cases becomes practical rather than theoretical.

 

Autonomous agents can pay for API access on demand instead of negotiating contracts. Data providers can charge per request rather than per month. Agents can subscribe, cancel, and reallocate spending dynamically based on performance.

 

Over time, this opens the door to fully machine driven marketplaces, where services compete in real time for agent demand, priced in stablecoins, settled instantly.

 

MultiversX becomes the settlement layer underneath that activity.

 

 

The Bottom Line

There are still open questions. Regulation, security, and governance will matter more as autonomous payments scale. But the direction is clear.

 

AI systems are moving from passive tools to active economic participants. Payments are no longer a side feature. They are a core requirement.

 

By moving early and integrating with standards backed by Google and Coinbase, MultiversX has positioned itself as a serious infrastructure player in the emerging agentic economy.

 

In a market crowded with promises, shipping quietly but effectively may turn out to be the most bullish signal of all.