$LINK #chainlinkpowersbottomlinepaymentplatform
Chainlink just connected 600+ banks to blockchain payments
Bottomline — a top-three SWIFT service provider moving over $16 trillion in payments annually — launched Global Pay Connect, a new onchain payment platform powered by Chainlink's infrastructure. It extends blockchain connectivity to 600+ bank customers.
The technical setup: Chainlink's Cross-Chain Interoperability Protocol (CCIP) links Bottomline's payment infrastructure to public and private blockchains, while the Chainlink Runtime Environment (CRE) coordinates payment workflows end-to-end. Banks can keep using their existing ISO 20022 messaging standards — no need to rebuild core systems from scratch.
That "no replatforming needed" detail matters — it's often the biggest reason banks hesitate to adopt blockchain infrastructure. This lowers that barrier significantly.
$LINK is currently trading below its early-September peak of $13.64, testing its 50-day EMA after rejection near $13.50 resistance — worth watching if news like this shifts momentum.
$LINK #Chainlink #InstitutionalCrypto
Chainlink just connected 600+ banks to blockchain payments
Bottomline — a top-three SWIFT service provider moving over $16 trillion in payments annually — launched Global Pay Connect, a new onchain payment platform powered by Chainlink's infrastructure. It extends blockchain connectivity to 600+ bank customers.
The technical setup: Chainlink's Cross-Chain Interoperability Protocol (CCIP) links Bottomline's payment infrastructure to public and private blockchains, while the Chainlink Runtime Environment (CRE) coordinates payment workflows end-to-end. Banks can keep using their existing ISO 20022 messaging standards — no need to rebuild core systems from scratch.
That "no replatforming needed" detail matters — it's often the biggest reason banks hesitate to adopt blockchain infrastructure. This lowers that barrier significantly.
$LINK is currently trading below its early-September peak of $13.64, testing its 50-day EMA after rejection near $13.50 resistance — worth watching if news like this shifts momentum.
$LINK #Chainlink #InstitutionalCrypto
