Bottomline Taps Chainlink for Blockchain-Powered Payment Network

Chainlink (LINK) has surged by approximately 7% after Bottomline announced its integration of Chainlink technology to bridge its $16 trillion yearly payment infrastructure with blockchain networks.

The partnership will enable more than 600 banking institutions to access blockchain-based settlement mechanisms while maintaining their current operational systems, thanks to the compatibility with ISO 20022 messaging protocols.

The Cross-Chain Interoperability Protocol (CCIP) from Chainlink will manage the movement of tokenized assets between different blockchain ecosystems, while the Chainlink Runtime Environment (CRE) will orchestrate complete payment processes connecting conventional banking platforms with blockchain infrastructure.