Visa: AI Agent Payments Accelerating, x402 Processes Approximately $15 Million in On-Chain Transaction Volume

BlockBeats News, July 16, Visa released a joint research report with Artemis titled *Agentic Payments from the Ground Up*, analyzing the development of AI agent (AI Agents) payments and on-chain data. The report indicates that AI agent payments are primarily divided into two categories: one involves agents completing "large-scale commercial payments" on behalf of users, such as flight bookings and subscription management; the other involves small-scale machine-to-machine payments, such as API calls and purchasing computing resources, typically under $1. The machine payment protocol x402, incubated by Coinbase and Cloudflare and later managed by the Linux Foundation, has processed approximately $15 million in adjusted transaction volume since its launch in May 2025, with a cumulative total of about 109.6 million transactions. Most of the activity is concentrated on the Base, Solana, and Polygon networks. Another machine payment protocol, Machine Payments Protocol (MPP), built by Stripe and Tempo with contribution support from Visa, has settled approximately $25,000 and processed about 115,000 transactions since its launch in March 2026. Visa stated that the development of AI agent payments is driving demand for low-cost, high-frequency, machine-native payment infrastructure. Stablecoins and blockchain networks could become key components in micropayment scenarios. The report suggests that the future payment system may not be replaced solely by either bank cards or stablecoins but rather a fusion of both in different scenarios. [Original Link]