Cointelegraph reported that the x402 protocol, an open AI payment standard developed by Coinbase, has launched a new feature that allows for post-event batch settlement of multiple micropayments made by AI agents. This is explained to reduce payment costs by bundling frequently occurring ultra-micropayments for processing. In this regard, Jesse Pollak, a developer for Coinbase Layer 1 Base, explained, "This feature enables AI agents to make ultra-micropayments of less than $0.0001 for on-demand resources such as computing and inference."