Decentralized Oracle provider Chainlink will introduce a new blockchain payment solution for financial institutions.
Chainlink, a decentralized oracle provider, is introducing a new blockchain payment solution for financial institutions. This integration will simplify digital asset settlement for institutions by leveraging existing infrastructure.
Chainlink provides a decentralized oracle network that enables smart contracts to interact with external data sources. This capability is essential for smart contracts that require real-world data, such as those used in financial applications.
By integrating Chainlink’s oracle network with Swift’s messaging platform, financial institutions can now settle digital asset transactions quickly and efficiently. This integration will also enable institutions to use their existing infrastructure for digital asset settlement, reducing the need for costly and time-consuming new developments.
The integration of Chainlink and Swift is a significant step towards the broader adoption of digital assets by financial institutions. This collaboration will provide institutions with the tools they need to settle digital asset transactions securely and efficiently, paving the way for faster and more efficient financial markets.
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