Link coin Investors are now highly optimistic, as the ChainLink project teamed up with banking giant ANZ.
ChainLink is a decentralized blockchain oracle network built on Ethereum. The main vision of this blockchain is to incentivize a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains. Link is the native coin of ChainLink.
Recently ChainLink published a paper in collaboration with ANZ. The author stated that ChainLink CCIP has the potential to push the adoption of tokenized assets by institutions.
ChainLink has partnered with a $1 trillion AUD ($670 billion USD) bank.
The driver? Tokenization of Real World Assets (RWA).
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— S4mmy.eth (@S4mmyEth) October 2, 2023
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According to the released paper, the simplified user experience by the institutions with the help of ChainLink’s solutions can help them to fulfil the demand of customers.
Such types of high-level development activities to push the adoption of ChainLink are creating a bullish sentiment for the Link coin Investors.
The current trade price of Link coin is $7.91 & this price is 32% higher over the last 30 days of trade price.
It is worth it to note that 2023 saw a huge inflow of banks in the crypto & blockchain sector. Alternatively, we can say that now banks are not only able to understand the potential of blockchain technology but also started to conduct their practical development works in this sector, to achieve modernization in their existing traditional digital financial system.
If the adoption of crypto & blockchain will remain continuous at this rate then there are full chances for this sector to grab a better level of recognition in the countries, where central banks oppose this sector because of the volatility in the trade price of tokens.
Read also: Bitcoin trade price pumps, as October acts as Uptober for Crypto market
ChainLink (Link) partners Australia and New Zealand Banking Group (ANZ)
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