Coinbase has introduced the x402 Bazaar, a platform designed for AI-powered micropayments utilizing USDC. By reviving the HTTP 402 “Payment Required” status code, it creates a streamlined payment process for apps without needing blockchain infrastructure, with Coinbase acting as the facilitator. Currently in early development, Bazaar offers an indexed catalog of services that accept pay-per-request payments, simplifying integration for developers. The platform supports USDC on Base mainnet and Base Sepolia, with additional assets planned for future support. The system enables transactions with minimal fees and rapid settlements, aiming for near sub-second confirmations. Recent regulatory developments in the U.S. enhance the landscape for digital payments, with the GENIUS Act promoting stablecoin transparency and backing. Potential monetization scenarios could yield daily gross volumes ranging from $100 to $1 million as adoption increases. Coinbase’s fee-free facilitator on Base positions Bazaar as a pivotal solution for both consumer and API-driven transactions.
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