This content was created by Alexander Lorenzo. This content was uploaded by Alexander Lorenzo. This is a YouTube video titled "Visa, Mastercard, and Ripple Backed an Open Standard Buried Since 1991" (created 2026-08-01). The excerpt is a single-speaker promotional monologue describing the revival of the web's Error 402 (Payment Required) as a new open standard called X402, claiming major adoption by Visa, MasterCard, Ripple, the Linux Foundation and many tech/payment firms (Amazon, Google, Microsoft, Stripe, Shopify, Cloudflare, Solana, etc.). The speaker outlines early usage and metrics (tens to hundreds of millions of transactions, micropayments averaging ~32 cents, machine-to-machine payments for data and compute), cites Visa research and rapid industry rollout, and closes with a personal promotion for an AI automatic trading product linked in their bio.
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So there's a payment code that sat dormant in the internet's plumbing since 1991 that just got woke up by AI. 2 weeks ago, the 2 biggest card networks on Earth actually signed into it and created a business model around it to make money. Most of the payments running through this hidden code is run by AI. When they wrote the official original rules of the web back in 1991, the engineers reserved a specific piece of code. It's called Error 402, Payment required. They knew someday payments would need to be built into the internet itself, so they left a slot open for it. Right now, payments are not built into the internet; it's handled by a centralized entity. When you go buy on Amazon, there's a company that literally handles the payment process. This code sat dormant and unused for 34 years. It's on now. It's called X402. July 15th, 2026. Visa, MasterCard, and Ripple all joined the standard, and the Linux Foundation stepped in to govern the standard themselves. That's the same group behind Linux, the software running most of all the servers on the internet today's date. Now please tell me this list is not overwhelming of the people that are involved. We're talking about Amazon, Google, MasterCard, Visa, Microsoft, American Express, Stripe, Cloudflare, Shopify, Circle, and Solana. Every cloud provider, every card network, and every major payment processor, they all signed in to the same open standard and are currently using it. In one month, 75 million payments moved $24 million. Do the math with me, that's an average payment of around 32 cents. In total, it crossed 100 million transactions. Back in April, it was already $165 million across 69,000 active agents. These are not people buying sneakers. These are AI agents paying each other tiny amounts of money for data, for computing, for a single request. And analysts are even saying that half of all of that volume that's happening is just still testing. They haven't really fully rolled it out. It's extremely early. In July, Visa put out research report on how much machines pay each other. When Visa is publishing research on that, it's not a question of if anymore. It's a question of when a full rollout is actually going to happen. The rails for the machine economy just got laid while everybody stared at a price chart for crypto. They're like, man, crypto, I hope it goes up. They're building the entire infrastructure. You don't build something that lasts for kids by guessing. For your kids, future generations, you do it by understanding what's being built before it's obvious to everybody else. Learn this now and you will get rich. By the way, if you guys want to learn how I make money off of this, we do AI automatic trading on the blockchain, and a link is in my bio. We give it away for $1. Go to the link in my bio and take advantage.
