Bottomline taps Chainlink to bring blockchain payments to 600 banks

Bottomline has partnered with Chainlink to connect a payments network processing more than $16 trillion annually with public and private blockchains, giving over 600 bank customers a route to cross-chain and cross-border settlement while retaining ISO 20022 messaging. Summary Bottomline has partnered with Chainlink to connect its $16 trillion annual payments network with public and private blockchains. More than 600 bank customers will be able to access onchain payment rails while continuing to use familiar ISO 20022 messaging. Chainlink CCIP will handle cross chain interoperability, while CRE will coordinate payment workflows between existing banking systems and blockchain networks. The partnership provides the technical connection for blockchain settlement, but neither company has disclosed how many Bottomline banks will initially use the service. According to Chainlink, Bottomline will use its interoperability and orchestration infrastructure to connect existing payment systems with blockchain networks, allowing participating financial institutions to access onchain payment rails through a single network-agnostic connection. NEW: Top-three Swift service provider, Bottomline, has...