RippleX Head of Engineering Ayo Akinyele expects the number of agentic transactions on XRP Ledger to climb rapidly after recently topping 1 million. Akinyele attributes this anticipated growth to the pace of development with agents and how the infrastructure continues to improve. Agentic payments refer to transactions initiated by AI-powered software acting on behalf of humans, with crypto companies providing these agents with digital wallets for programmable payments onchain without relying on traditional bank accounts or credit cards.
Akinyele told The Block he was pleased to see the 1 million milestone on XRP Ledger and predicts the platform will reach 10 million and possibly 100 million transactions within the next couple of years. Interest in agentic payment technology has intensified as developers envision AI agents autonomously paying for data, computing power, and other services needed to complete assigned tasks.
XRP Ledger Offers Three to Five Second Settlement for AI Agent Payments
XRP Ledger provides three to five second settlement times for transactions, according to Akinyele. The platform offers predictable transaction costs and was purpose-built for payments from the beginning. Akinyele stated the main focus is making it frictionless for AI agents to pay for APIs and digital services on XRP Ledger because of these settlement strengths.
According to t54, most activity on XRP Ledger has involved payments for APIs and data. t54 is a tech infrastructure startup backed by Ripple.
Ripple Joins x402 Foundation as Premier Member
Ripple joined the x402 Foundation as a premier member. The foundation includes Coinbase, Circle, AWS, Google, Mastercard, Stripe, and Visa. Originally developed by Coinbase, x402 allows AI agents and applications to automatically pay for APIs and other online services.
Akinyele described Ripple's relationship with the x402 Foundation as strategic, stating it allows the company to shape the governance and technical aspects of how the agentic economy gets built out.
t54 Onboards Real-World Merchants for Physical Goods Purchases on XRPL
t54 is onboarding real-world merchants through ecosystem partners to enable agents to purchase physical goods and services over XRPL, according to t54 co-founder Chandler Fang. Fang identified this as one of the next major areas of growth the company is actively rolling out.
FAQ
What milestone did XRP Ledger recently reach in agentic transactions?
XRP Ledger recently topped 1 million agentic transactions, according to RippleX Head of Engineering Ayo Akinyele.
What is the x402 Foundation and which companies are members?
The x402 Foundation is an organization focused on enabling AI agents to automatically pay for APIs and online services. Premier members include Ripple, Coinbase, Circle, AWS, Google, Mastercard, Stripe, and Visa. The x402 protocol was originally developed by Coinbase.
What types of payments currently occur on XRP Ledger through agentic transactions?
Most activity on XRP Ledger has involved payments for APIs and data, according to t54. The company is working to onboard real-world merchants to enable purchases of physical goods and services.
