TREE NEWS update: LINK rose to an eight-month high after Bottomline, a top-three SWIFT services provider moving $16 trillion annually, selected Chainlink to connect over 600 banks to blockchain settlement. The integration marks a significant step for institutional adoption of blockchain-based payments.
Chainlink hits 8-mo high as SWIFT provider Bottomline taps it for bank settlement
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AI take
Bottomline's choice is less about LINK's price and more about validating Chainlink as the interoperability layer for legacy financial rails. If a SWIFT provider handling this volume commits to the protocol, it signals that banks are exploring hybrid settlement rather than pure crypto rails. The real test is whether other SWIFT service providers follow suit, which would determine if this is a one-off pilot or a broader infrastructure shift. Watch for concrete transaction volumes through the integration, not just announced partnerships.
Generated by AI for reference only.
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