Hassan Maishera
Chainlink announced via X on Thursday that Bottomline has launched Global Pay Connect, a new onchain payment connectivity platform for over 600 banks powered by Chainlink.
Bottomline is a top-three SWIFT service provider moving over $16 trillion in payments annually. Chainlink extends Bottomline’s platform to blockchain networks through secure interoperability & orchestration infrastructure:
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CCIP connects Bottomline's payments infrastructure to blockchain networks through a single, network-agnostic integration model.
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CRE coordinates end-to-end payment workflows across onchain & offchain systems.
As a result, institutions can reach onchain payment rails through the SWIFT network and payment messaging standards they already use, without replatforming or building a bespoke integration for every network.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and a market leader powering the majority of decentralized finance (DeFi). Chainlink stands to benefit most from emerging blockchain industry trends, such as stablecoin adoption, real-world asset tokenization, and institutional adoption of blockchain technology.
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 5% over the past 24 hours, trading at $11.71.
