Chainlink launches cross-chain protocol bridging blockchain to TradFi

Chainlinks interoperability option utilizes Swifts messaging infrastructure, which is used by over 11,000 banks around the world to help with global payments and settlement.In 2021 alone, the network settled about $1.8 quadrillion in deals from over 11,000 member banks, according to the UnIted States Financial Crimes Enforcement Network.A diagram illustrating how financial organizations can use CCIP to negotiate on-chain. Source: CoinGeckoCointelegraph reached out to Chainlink Labs for remark however did not recieve an instant response.Magazine: Heres how Ethereums ZK-rollups can become interoperable

The development company behind the Chainlink procedure and its native LINK token has gone cope with its cross-chain procedure, targeted at offering interoperability in between conventional monetary companies and both personal and public blockchains.In a July 17 post on the Chainlink blog site, Chainlink Labs Chief Item Officer Kemal El Moujahid announced that its Cross-Chain Interoperability Protocol (CCIP) has released under early gain access to on Ethereum, Avalanche, Polygon, Arbitrum, and Optimism.Developers on these platforms will have access to CCIP on their respective testnets on July 20.1/ The Chainlink Cross-Chain Interoperability Procedure (CCIP) has formally launched on Avalanche, Ethereum, Optimism, and Polygon mainnets. #LinkTheWorld pic.twitter.com/SdLVyaapg3— Chainlink (@chainlink) July 17, 2023