40 Finance and Tech Giants Unite to Standardize Agentic Payments
The x402 protocol, an open standard for agentic payments, has been established with governance oversight from 40 organizations through the newly launched x402 Foundation. The Linux Foundation announced the initiative on July 14, creating a vendor-neutral payment standard designed to work over HTTP.
Read full story →Figure’s Blockchain Marketplace Tops $1 Billion Weekly Loan Applications After Record Q2
Figure Technology Solutions' blockchain-based loan marketplace processed $4.3 billion in volume during Q2, representing a 132% increase. Weekly loan applications exceeded $1 billion following the record quarter performance.
Databricks Raises $5 Billion to Expand Enterprise AI Agent Platform
Databricks raised $5 billion in funding at a $190 billion valuation, up from $134 billion in February. The company plans to expand its enterprise AI agent platform with the new capital.
Bank of America to buy up to 49.9% stake in Jio Credit for $1.9B
Bank of America will acquire up to 49.9% stake in Jio Credit for $1.9 billion. The investment reflects the bank's confidence in India as a growth market where it has operated for decades.