KakaoPay joins Coinbase-led x402 Foundation as founding member

KakaoPay has joined the Coinbase-led x402 Foundation as a founding member, PointDaily reported. The x402 protocol is a technology designed to support instant on-chain payments by directly embedding payment functions into web interactions. The foundation is led by Coinbase, which developed the protocol, and includes other major members such as Circle, Base, Solana, Google, Amazon Web Services (AWS), Microsoft, Visa, Mastercard, Stripe, and Shopify. KakaoPay is the only South Korean company among the founding members.