Hecto Financial has joined the x402 Foundation, an organization comprised of the world’s leading digital finance and blockchain companies.
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According to Hecto Financial on July 20, the x402 Foundation is an open source project founded to build a global payment standard for AI agent payments. x402 is a payment protocol designed to allow AI agents to perform transactions and make payments in stablecoins without human intervention.
Hecto Financial’s strategy is to establish a next-generation AI payments infrastructure that combines existing traditional financial infrastructure such as clearing and settlement with the global stablecoin payments network (CPN) and AI payments standard (x402), enabling AI agents to perform tasks ranging from purchasing goods to accessing services.
In June, Hecht Financial successfully conducted a proof-of-concept (PoC) test of AI agent payment technology based on Google’s AI agent payment protocol AP2 (Agent Payments Protocol), and plans to commercialize it in the third quarter. Based on this, the company aims to expand its scope to a “universal cart” environment where an AI agent can select products from different online shopping malls, add them to a single shopping cart, and complete payment in one process.
After formal commercialization, Hecto Financial hopes to expand the scope of the AI commerce market by providing its AI payment infrastructure to small and medium-sized business owners and small merchants who find it difficult to adapt to the AI commerce environment on their own, thereby creating a system that allows anyone to easily introduce AI agent payments.
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Jongwon Choi, CEO of Hecto Financial, said, “As AI agents are becoming a new major participant in economic activities, payment infrastructure is also entering a new paradigm. Hecto Financial will continue to evolve AI payment infrastructure based on global standards and create an environment where not only large platforms but also small and medium-sized business owners can participate in AI commerce.”
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