On October 28th, MEXC hosted an AMA on the New X402 Open Payment Standard with guest speakers Moonlight , a KOL who closely follows new trends in the crypto industry, and Winnie, MEXC’s spot operation director. The discussion focused on the innovative X402 payment protocol and its potential impact on crypto and AI-driven digital economies, with a 500 USDT prize pool for participants.
Key takeaways:
- Instant, autonomous payments:
X402 allows AI and digital agents to transact directly without intermediaries, reducing fees, settlement times, and operational friction. Payments are verified on-chain and processed immediately.
- Stablecoins as backbone:
USDT and USDC enable fast, predictable, and stable transactions. This makes microtransactions, pay-per-use APIs, and real-time data payments possible, even across multiple blockchains.
- Real-world applications:
Cloud computing and storage can now be billed per actual usage, content creators can receive full payments without middleman cuts, and APIs like FireCrawl or data services such as Gloria AI can handle instant, per-request payments, making transactions faster, more precise, and more efficient across the board.
- Market and innovation impact:
Faster payments and broader user adoption can drive higher trading volumes, while cutting out middlemen reduces costs and enables new business models as well as AI-driven autonomous services. Combined with multi-chain compatibility, this ensures both flexibility and scalability for developers and traders, making the ecosystem more efficient and adaptable.
The AMA highlighted how X402 combines efficiency, transparency, and security, enabling a future where AI-driven systems can operate independently while powering a faster, smarter, and more decentralized digital economy.
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