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DTSTART;TZID=America/New_York:20260910T120000
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UID:51-1789041600-1789045200@algorandnews.com
SUMMARY:From token promises to real transactions: How x402 unlocks the decentralized service economy
DESCRIPTION:Topic: The webinar covers x402\, a payments protocol (originally built by Coinbase around the dormant HTTP 402 “Payment Required” status code) that Algorand has implemented as a live\, production settlement layer for machine-to-machine and API payments. \nHost: Algorand Foundation \nURL: Sign Up \nCore pitch — “token promises to real transactions”: \n\nx402 lets a server respond to an unpaid request with an HTTP 402 status plus payment requirements; the client then sends a payment transaction back in an X-PAYMENT header\, a facilitator verifies/settles it on Algorand\, and the original request is served.\nNo accounts\, emails\, OAuth\, or API keys needed — just pay-per-call.\nThis turns crypto payments from a speculative/token-narrative story into an actual working transaction rail for everyday API/data access.\n\nWhy Algorand specifically: \n\nLow\, predictable fees make micropayments economically viable\nInstant\, deterministic finality (~2 sec) suits real-time HTTP request/response flows\n10\,000 TPS with zero downtime since launch\nSmart-contract composability enables programmable pricing\, authorization\, and usage rules\n\n“Unlocking the decentralized service economy”: \n\nFramed around AI agents and automated commerce — agents paying other agents or services autonomously\, per-call\, without human-in-the-loop billing\nAlso pitched as a simpler win for ordinary API monetization: replacing subscription/tier/key-based gating with true pay-per-use\nGoPlausible operates a live x402 Facilitator on Algorand mainnet\, already processing real merchant volume (e.g.\, via the “x402 Global Challenge”)\n\nSign up here
URL:https://algorandnews.com/event/from-token-promises-to-real-transactions-how-x402-unlocks-the-decentralized-service-economy/
LOCATION:Livestorm
CATEGORIES:Webinar
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