Infrastructure Sector News

Chainlink Connects 600+ Banks to Onchain Payments

Chainlink's integration with Bottomline's Global Pay Connect enables over 600 banks to access onchain payments via existing infrastructure, signaling a significant step towards mainstream adoption of blockchain in traditional finance. The partnership allows financial institutions to leverage blockchain payment rails without costly replatforming, potentially accelerating the integration of digital assets into global payment systems and increasing demand for oracle services. While the partnership is a major adoption milestone for Chainlink, the LINK token's price faces a critical test in September, with key support and resistance levels at the 50-day EMA, $13.50, and potential targets of $18.00 or $8.00 depending on market reaction.