Chainlink Brings Blockchain Rails to $16 Trillion Payments Network

Chainlink has partnered with Bottomline, a leading provider of SWIFT services, to bring blockchain technology to over 600 banks worldwide.

The partnership will allow banks to continue using their existing infrastructure and messaging standards while still connecting with blockchain networks.

Chainlink's Cross-Chain Interoperability Protocol (CCIP) will enable the transfer of tokenized assets between different blockchain networks, streamlining cross-border transactions and reducing costs.

The integration is part of Chainlink's broader initiative to bridge traditional finance with public and private blockchains, and to provide a network-agnostic connection for banks.