Chainlink Soars on Partnership with Top-SWIFT Provider Bottomline

Chainlink's price has surged to $13.64, its highest level since January 18, as it outperformed every other top-10 cryptocurrency by market cap over the past 24 hours.

The rally may be attributed to a deal announced last week with Bottomline, a top-three SWIFT services provider that handles payments automation and treasury management for more than 600 banks.

Banks will connect their existing systems to public and private blockchains through Chainlink's infrastructure using the company's Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE).

The deal is significant as it allows banks to send standard messages instead of building new infrastructure, making it easier for them to adopt blockchain technology.