$LINK There's an important difference between a partnership and a product.
Bottomline didn't just announce a partnership with Chainlink.
It has now launched Global Pay Connect, a payment messaging ecosystem for financial institutions that connects existing banking infrastructure with blockchain networks.
Bottomline already connects 600+ banks and processes $16T+ in payments annually.
The interesting part?
Banks don't need to abandon the infrastructure they already use.
They can continue using familiar payment messaging such as ISO 20022, while Chainlink provides the network-agnostic connectivity and orchestration needed to interact with onchain rails.
Legacy banking → Chainlink → public & private blockchains
This is what institutional blockchain adoption was always going to look like.
Not thousands of banks rebuilding their infrastructure around individual blockchains. But infrastructure that connects the systems they already use to any blockchain they need to access. That's the part of the Chainlink thesis I think the market still massively underestimates.
The blockchain may be where settlement happens.
But somebody still has to connect everything before settlement can happen.
Bottomline didn't just announce a partnership with Chainlink.
It has now launched Global Pay Connect, a payment messaging ecosystem for financial institutions that connects existing banking infrastructure with blockchain networks.
Bottomline already connects 600+ banks and processes $16T+ in payments annually.
The interesting part?
Banks don't need to abandon the infrastructure they already use.
They can continue using familiar payment messaging such as ISO 20022, while Chainlink provides the network-agnostic connectivity and orchestration needed to interact with onchain rails.
Legacy banking → Chainlink → public & private blockchains
This is what institutional blockchain adoption was always going to look like.
Not thousands of banks rebuilding their infrastructure around individual blockchains. But infrastructure that connects the systems they already use to any blockchain they need to access. That's the part of the Chainlink thesis I think the market still massively underestimates.
The blockchain may be where settlement happens.
But somebody still has to connect everything before settlement can happen.
