DiscoverIndexed Podcastx402: The Internet’s Native Payment Layer
x402: The Internet’s Native Payment Layer

x402: The Internet’s Native Payment Layer

Update: 2025-11-27
Share

Description

Today we're joined by Jay Yu (@0xfishylosopher), research & partner @panteracapital, to discuss x402; a blockchain based micropayments solution built around the 402 HTTP status code.

We cover:
- Stablecoin payments through HTTP 402
- Real-world use cases and current pilot implementations
- Wallet adoption trends
- Facilitators like Coinbase and market share breakdown
- The evolving facilitator landscape and parallels to block building
- Comparisons to other payment frameworks like ERC-4804

And much more—enjoy!

Timestamps:
(00:00 ) Introduction 
(05:16 ) Why 402 was never used
(06:03 ) Giving 402 a stablecoin-powered makeover
(11:21 ) UX tradeoffs vs. new micropayment opportunities
(15:35 ) Use case ideation and ecosystem players
(20:23 ) Adoption status today
(23:38 ) Live applications beyond memes?
(25:54 ) Wallet adoption trends and user numbers
(28:20 ) Facilitator market share
(29:57 ) Facilitator business models and stablecoin swaps
(31:55 ) BD dynamics and payment routing
(36:23 ) Competing protocols like ERC-4804
(43:14 ) Stablecoins, regulation, and the next 3 years
(43:40 ) Outro


Follow the guest:
https://x.com/0xfishylosopher

Follow the co-hosts:
https://x.com/hildobby
https://x.com/0xBoxer
https://x.com/sui414

Follow the Indexed Podcast:
https://twitter.com/indexed_pod


The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby_ @0xBoxer @sui414.

Subscribe to our channel and leave a comment to help us make the pod better!

DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

x402: The Internet’s Native Payment Layer

x402: The Internet’s Native Payment Layer

Indexed Podcast