Chainlink and Remittix Collaborate to Simplify Cross-Border Payments

Chainlink's technology is being utilized by banks to connect institutions and tokenized assets across systems, including work related to Swift's ledger.

The network's Sibos recap describes this work, which aims to give asset issuers more control over cross-chain movement through additional verification, compliance settings, and configurable transfer speeds.

Chainlink's role is one part of the plumbing that could allow separate institutions and blockchains to work together.

Remittix, a project that's designing for the person sending money, is also gaining traction.

The project is inviting 1,000 users into testing of crypto-funded transfers that are intended to settle as fiat in compatible bank accounts.