Banking Giant SWIFT Announces Collaboration With This Altcoin!

Offering interbank transfer service SWIFTfor cross-chain interoperability project Chainlink Labs signed a cooperation agreement with

SWIFT And Chainlink Labs Announce They Are Working Together On A Blockchain Project

The project in question is Chainlink’s platform that allows token transfer between Blockchains and the development of cross-chain applications. Cross Chain It contains the Interoperability Protocol.

The project was announced at a panel held in New York today.

During the panel Chainlink (LINK) co-founder Sergey Nazarov and SWIFT director of strategy Jonathan Ehrenfeld Solé laid out the project, focusing on the challenges of bridging the traditional and decentralized worlds of finance.

SWIFT is no stranger to Blockchain studies. The interbank transfer service company announced last year that it had launched an initiative to test the tokenization of real-world assets.

The company’s latest partnership with Chainlink Labs seems to be suitable for this framework.

Cross-Chain capabilities have been the focus of numerous projects over the past year. The companies’ development teams focused on developing secure ways to move assets from one blockchain to another.

However, Blockchain mechanisms were recognized as a major security issue and these mechanisms were targeted by hackers and code exploiters.

Chainlink (LINK), which has been acting independently of the bearish cryptocurrency market recently, ranks 20th among cryptocurrencies by market value.

Moreover LINK The increase in the number of transactions in the network draws attention.

At the time of this writing Chainlink (LINK) It was trading at $7.95.

*Not investment advice.