NEW YORK, April 2 — Linux Foundation said it launched the x402 Foundation and is accepting the contribution of the x402 protocol from Coinbase, establishing a neutral, open-source governance structure for a proposed standard enabling payments over HTTP, according to a Linux Foundation press release.
Ripple announced that it has received full approval of its Electronic Money Institution (EMI) license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), enabling it to provide regulated electronic money services across the European Union.
An Executive Board member of the European Central Bank said the euro’s role in the global financial system is evolving as central banks respond to structural economic changes, geopolitical fragmentation, and shifts in global trade and capital flows.
