AEON Launches x402 Facilitator on BNB Chain for AI Payments
AEON launched the x402 Facilitator on BNB Chain on October 30, integrating Coinbase's payment protocol into the blockchain ecosystem.
- The x402 protocol enables AI agents to execute transactions autonomously using the HTTP 402 "Payment Required" status code.
- AEON's facilitator validates payments for authenticity and compliance before confirming them on BNB Chain.
- This addresses a challenge where major stablecoins lack EIP-3009 support needed for gasless transactions.
- Each transaction generates an immutable receipt with a unique agent identity according to ERC-8004.
x402 Protocol Development and Adoption
- Coinbase published the x402 whitepaper on May 6, detailing it as an open standard for internet-native payments.
- The protocol has seen increased adoption, with weekly transactions rising from under 5,000 to over 25,000 by mid-October.
- Circle's September integration allowed AI agents to use USDC for API services via Developer-Controlled Wallets.
- The VIRTUAL token experienced a 100% price rally upon its x402 integration on October 27.
AEON’s Role in BNB Chain Ecosystem
- AEON was selected for the Most Valuable Builder Season 10 program by BNB Chain.
- The program supports projects in AI, DeFi, and payment infrastructure.
- AEON operates a Web3 Mobile Payment solution for 20 million merchants in Southeast Asia, Africa, and Latin America.
- The company processes over $30 million monthly and aims to raise $60 million to expand its reach.