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Crypto
x402 agent payments protocol moves under Linux Foundation, KakaoPay joins governance
The Coinbase-backed agent payments protocol x402 has been transferred to the Linux Foundation. Under the arrangement, the 402 Foundation will manage and operate x402 within the Linux Foundation. Participants in the governance structure include Amazon Web Services, American Express, Ant International, Base, Circle, Google, KakaoPay, Mastercard, Microsoft, Polygon Labs, Shopify, the Solana Foundation and Visa. The x402 Foundation said it will run x402 on neutral principles under Linux Foundation governance.
Finance
KakaoPay launches overseas remittance beta, fee-free until end-2026
KakaoPay said on Wednesday it launched a beta overseas remittance service for domestic and overseas users who need to send money abroad. The company said the service is designed to be easy and safe to use without complex procedures or language barriers. During the beta it first supports remittances to Alipay users in China, with deposits completed within 5 minutes. KakaoPay will waive all overseas remittance fees through end-2026.
Crypto
UBS considers crypto trading services for high-net-worth clients
UBS is considering providing cryptocurrency trading services to ultra-high-net-worth clients. Cointelegraph, citing Bloomberg News, reported that the Swiss financial group is reviewing a plan to allow Swiss private banking customers to trade bitcoin and ether. The service could later be expanded to the Asia-Pacific region and the United States. UBS has not officially acknowledged the plan and is running various trials to adopt blockchain technology.
