Just announced: Bottomline, a top-three Swift service provider that processes over $16 trillion in annual payments across its platforms, has formed a strategic alliance with Chainlink. This collaboration is designed to facilitate international, cross-chain transactions for the company network of more than 600 banking clients.
As part of this agreement, Chainlink will supply a safe orchestration and interoperability layer. This technology serves to bridge both private and public blockchains directly with the current payment frameworks utilized by Bottomline.
The TradFi sector is currently transitioning toward onchain solutions faster than ever before. Within this evolving landscape, CCIP makes it possible to transfer tokenized value safely between different networks, while the Chainlink Runtime Environment, or CRE, manages the payment workflows from start to finish.
Ultimately, this integration allows the financial institutions working with Bottomline to seamlessly tap into onchain payment networks via a single, network-agnostic link, all while maintaining their use of the familiar ISO 20022 messaging standard.
As part of this agreement, Chainlink will supply a safe orchestration and interoperability layer. This technology serves to bridge both private and public blockchains directly with the current payment frameworks utilized by Bottomline.
The TradFi sector is currently transitioning toward onchain solutions faster than ever before. Within this evolving landscape, CCIP makes it possible to transfer tokenized value safely between different networks, while the Chainlink Runtime Environment, or CRE, manages the payment workflows from start to finish.
Ultimately, this integration allows the financial institutions working with Bottomline to seamlessly tap into onchain payment networks via a single, network-agnostic link, all while maintaining their use of the familiar ISO 20022 messaging standard.
