Algorand Joins Coinbase x402 Ecosystem in Major Network Milestone

• Algorand has been added to Coinbase’s x402 payments ecosystem via GoPlausible, whose members enable APIs and websites to easily receive crypto payments.
• The inclusion will see Algorand work closely with x402 members including Google and Visa.

Algorand has become the latest network to join the x402 ecosystem of payment services that allow APIs and other internet services to easily accept crypto payments over the open internet.

Announcing the inclusion, Algorand described it as “huge and a game-changer for the network.”

x402 is an open internet payment protocol that reassembled HTTP 402 Payment Required standard, which has long been unused, to allow crypto payments. It was developed as a joint venture between Coinbase and Cloudflare as a way for web services and AI agents to make payments for data, access and digital resources without any traditional account requirements.

Since its launch, the service has added dozens of services over multiple networks. For client-side integrations, services include Bino and Ekai Labs, while Agnic.AI and Asterpay service users on the endpoints. Altlayer, Locus and MCPay offer infrastructure and tooling.

GoPlausible has been added to the facilitators, which include Base-based Dexter and SolPay, one of the most popular payment services for Solana.

GoPlausible is an infrastructure project on Algorand that offers decentralized identifiers and verifiable credentials. Essentially, it offers users digital ID that can be proven and verified without any central entities.

The announcement comes a day after Quantoz, a Dutch blockchain payments firm whose EURD stablecoin was launched on Algorand, became a Visa principal member, as we reported.

Algorand to Power x402 Payments

x402 launched last year, and while it was initially developed by Coinbase, it’s now governed by an independent x402 Foundation, with global giants including Google and Visa showing support for the initiative. It has become an open internet payment standard that can work on any chain and with any crypto token. As we reported, Solana is utilizing the standard, hitting over $600,000 in daily user volume.

When a service or API attempts to access digital resources behind a paywall, it’s hit with an HTTP 402 code and the payment terms. The user attaches a signed payment payload and retries the initial request, which goes through once the payment is verified.

The move will bring the Algorand Foundation closer to some of the American tech giants currently involved in the initiative, from Coinbase to Google and Visa. This aligns with the Foundation’s return to the US after operating out of Singapore for years. It announced in January that it had set up operations in Delaware.

In an interview at the invite-only CfC St Moritz crypto event, the Foundation CEO Staci Warden said that the move also led to the formation of a new board that reflects its ambitions in the US. She stated:

“We have former regulators, we have policy makers, we have the former president of a payments company who served for two decades. We’re trying to make sure that we can crowdsource this expertise that we need,” she stated.

ALGO trades at $0.0868, dropping slightly in the past 24 hours for a $770.89 million market cap.