Visa Reports AI Agent Payments Accelerating, x402 Protocol Processes $15M in On-Chain Transactions

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According to Visa's joint research report released on July 16, AI agent payments are accelerating. The x402 protocol, incubated by Coinbase and Cloudflare and managed by the Linux Foundation, has processed approximately $15 million in adjusted on-chain transaction volume since May 2025, with cumulative transactions reaching around 109.6 million. AI agent payments split into two categories: large commercial transactions like flight bookings and subscription management, and small machine-to-machine payments such as API calls and computing resource purchases, typically under $1.
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