x402 protocol launches batch settlement for AI micropayments

The x402 protocol, an open AI payment standard developed by Coinbase, has launched a new feature for the batch settlement of multiple micropayments made by AI agents, Cointelegraph reported. This system is designed to reduce payment costs by bundling frequent, ultra-small transactions into a single settlement. Jesse Pollak, a developer for Coinbase's Layer 1 Base, explained that the feature enables AI agents to make ultra-micropayments of under $0.0001 for on-demand resources such as computing and inference.