Chainlink and Bottomline Team Up for Cross-Border Payments

Bottomline, a top-three Swift service provider managing over $16 trillion in annual payments, has partnered with Chainlink to integrate blockchain capabilities into its payment infrastructure. This allows more than 600 banking institutions to conduct cross-border, cross-chain payments while maintaining compatibility with existing ISO 20022 messaging standards.

The integration of Chainlink's CCIP and CRE platforms will facilitate seamless transactions across multiple blockchain networks, reducing settlement times and costs.

This move reflects growing institutional adoption of Chainlink technology by major financial players like JPMorgan and UBS, with potential positive impacts on Chainlink's token price and market presence.