Chainlink deal to move $16 trillion with Bottomline lifts LINK
Covered by 2 sources · 2 articles
Chainlink announced a partnership with Bottomline, a payments technology provider, to connect $16 trillion in payment flows to blockchain networks. The integration would enable over 1 million financial institutions to leverage blockchain for settlement operations. The news coincided with LINK trading at $11.88 on September 4, reflecting a 24-hour gain of 6.8%, though the token remains significantly below its historical peak.
The deal represents a step toward integrating traditional finance infrastructure with blockchain systems, potentially broadening institutional adoption of decentralized networks for payment settlement. However, the partnership announcement alone does not indicate broader market recovery; LINK's distance from all-time highs reflects longer-term price dynamics in the crypto market.
- Chainlink and Bottomline partnered to route $16 trillion in payments to blockchains, with access for over 1 million financial institutions.
- LINK gained 6.8% in 24 hours following the announcement, trading at $11.88 on September 4.
- The token remains substantially below its all-time high despite the institutional integration milestone.
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Chainlink partners with Bottomline, opening access to $16 trillion payment flows
🚨 Chainlink and Bottomline partner to connect $16 trillion in payments to blockchains. 🔗 The link enables over 1 million financial institutions to use blockchain settlement. 📉 $LINK remains 77% below its all-time high following the integ…
Chainlink deal to move $16 trillion with Bottomline lifts LINK
On September 4, Chainlink’s LINK was being traded at $11.88, which translates to a change of 6.8% in the last 24 hours. This follows the announcement of a joint venture of Chainlink and Bottomline, a provider of payments technology. It will…