X402?
Today, Greta is here to discuss X402 with everyone. Those who are curious might ask, what is X402? Well, what is it exactly? To put it simply, X402 is a payment protocol designed for what kind of payments? It is a new payment and settlement standard designed for "AI-agent, API, Web services." Some might wonder why this protocol exists. Ah, because traditional payment systems are not suitable for AI, automation, and machine-to-machine (M2M) scenarios. Why are they not suitable? Have you considered the high-frequency, low-value scenarios where AI calls resources, data, and API services? If you think about it, you will understand that there’s no need to register an account, no need for credit cards or bank accounts, and no need for manual reviews or KYC procedures, which are cumbersome. By utilizing KITE blockchain + stablecoins + high-performance networks, we achieve low fees and quick confirmations. Isn’t that great? AI agents and automated tools can also pay for themselves and consume independently.