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2 Apr 2026, 17:10

Coinbase Launches x402 Under Linux Foundation With Support From Google, AWS, and Stripe

Coinbase has taken a significant step toward reshaping online payments by moving its x402 protocol into an open governance model. The company helped establish the x402 Foundation under the Linux Foundation to guide this effort. This move signals a broader industry shift toward building a unified, internet-native payment layer. Moreover, the initiative aims to support fast, seamless transactions for AI systems, applications, and digital services. As digital commerce evolves, stakeholders increasingly demand infrastructure that matches the speed and scale of modern internet activity. Building an Open Payment Standard The x402 protocol focuses on embedding payments directly into web interactions. Consequently, developers can enable transactions within APIs, apps, and automated systems without relying on traditional financial rails. This approach reduces friction and improves efficiency, especially for high-frequency, low-value payments. Additionally, the protocol supports machine-to-machine transactions, which continue to grow alongside AI adoption. The Linux Foundation now provides a neutral environment for developing this protocol. Hence, the ecosystem can evolve through community participation rather than centralized control. Industry leaders such as Google, AWS, Microsoft, and Stripe have joined the effort. Payment networks including Visa and Mastercard also support the initiative. This broad participation highlights a shared belief in open standards. Industry Alignment and Strategic Impact The founding group spans cloud computing, fintech, and blockchain sectors. Significantly, companies like Shopify and Solana bring practical use cases from commerce and decentralized finance. Their involvement ensures the protocol addresses real-world needs. Besides, firms like Cloudflare contribute infrastructure expertise to support secure and scalable deployment. This collaboration reflects a growing consensus that existing payment systems lack flexibility. Traditional networks struggle with microtransactions and automated workflows. Consequently, developers often face barriers when building new digital experiences. The x402 Foundation seeks to remove these limitations by promoting interoperability and accessibility. Shan Aggarwal emphasized the broader vision behind the initiative. He stated, ”x402 moves us toward a more open financial system where sending value online is as simple as sending an email.” He also noted, ”we're helping build the native payment layer the internet has never had - one that’s global, programmable, and always on.” Toward an Agent-Driven Economy The rise of AI agents continues to reshape how digital systems interact. Moreover, these agents require reliable payment mechanisms to operate independently. The x402 protocol addresses this need by integrating payments into standard web processes. This design allows autonomous systems to transact without human intervention.

2 Apr 2026, 16:45

SoFi launches unified fiat and crypto banking platform powered by Solana for real-time business transactions

SoFi, a prominent US-based financial technology company, launched the Big Business Banking feature, enabling fiat and crypto operations through a single account. SoFi picked Solana for its crypto operations. SoFi Technologies (NASDAQ: SOFI) announced the launch of its SoFi Big Business Banking, a new one-stop feature for both fiat and crypto banking. SoFi offers the security of a nationally chartered bank with the flexibility to operate either crypto or fiat through a single integrated service. SoFi has already integrated on-chain assets and has enabled its clients to buy, sell, and hold crypto. The fintech company also issues SoFiUSD and runs a regulated infrastructure spanning traditional and on-chain finance. SoFi to enable regulated crypto holdings Big Business Banking will enable companies to work with both traditional and digital finance. The platform will settle transactions 24/7, offering business-grade security. ‘ To be competitive, businesses today must operate in a global, always-on environment 24 hours a day, 7 days a week, while legacy banks typically still operate 9 to 5, Monday to Friday, ’ said Anthony Noto, CEO of SoFi. ‘ SoFi Big Business Banking is changing that by combining the strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility companies need to move and manage money or digital assets in real time. ’ SoFi will offer regulated business deposits without fear of bank freezes, real-time payments, and settlement in fiat or SoFiUSD, as well as other selected crypto assets. The bank will also allow its clients to mint and burn SoFiUSD for their needs, with an instant switch between fiat and digital assets. SoFi will guarantee the safety of reserves, a growing concern after recent attacks against Solana’s Drift Protocol . Clients will be able to use a unified interface for both crypto and fiat operations, reducing the number of steps and intermediaries. SoFi will start its crypto access with Solana SoFi will launch with support from large crypto funds and market makers, including Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, and others. Mastercard will also support the project. The initial network offered is Solana, with additional chains also available. Solana has grown its influence as a chain for enterprise and personal finance, especially after the expansion of USDC ownership. Initially, SoFi will operate its Big Business platform for its partners, offering smoother rails between crypto and fiat. SoFi joins the broader trend of crypto organizations seeking access to traditional banking via national charters in the US market. SoFi moved to retail crypto trading in late 2023, just in time for the latest crypto cycle. The company is also a large originator of private credit, one of the main growth sectors in traditional finance. For now, SoFi has only set up intentions to integrate its main lending activity with crypto. If you want a calmer entry point into DeFi crypto without the usual hype, start with this free video.

2 Apr 2026, 15:57

Solana Meme Coin Linked to Death Hoax for 194-Year-Old Tortoise—Who Is Very Much Alive

Jonathan, a nearly 200-year-old tortoise, was widely mourned Wednesday—but his purported demise was a hoax, and there's a crypto connection.

2 Apr 2026, 15:52

Drift Protocol loses $270 million after Solana’s durable nonce feature exploited

Attackers exploited Solana’s durable nonce to make pre-approved Drift transactions weeks later. Approximately $270 million in crypto assets was withdrawn and quickly dispersed to multiple wallets. Continue Reading: Drift Protocol loses $270 million after Solana’s durable nonce feature exploited The post Drift Protocol loses $270 million after Solana’s durable nonce feature exploited appeared first on COINTURK NEWS .