Ethereum

Cryptocurrency

Chainlink

<ul> 
 <li>Chainlink’s Cross Chain Interoperability Protocol (CCIP) has sparked interest, with LINK’s value increasing by 20% in 24 hours and 30% in a week.</li> 
 <li>Sergey Nazarov, co-founder of Chainlink, believes that the protocol could bring trillions of dollars into the crypto space.</li> 
 <li>Nazarov predicts that the merging of banks and blockchain through the use of CCIP could lead to the tokenization of global assets.</li> 
</ul> 
<h2 id="chainlink-s-cross-chain-interoperability-protocol-a-game-changer">Chainlink’s Cross Chain Interoperability Protocol: A Game Changer?</h2> 
<p>Chainlink’s recent launch of the Cross Chain Interoperability Protocol (CCIP) has been met with significant interest from the crypto community. This has been reflected in the value of LINK, Chainlink’s native token, which has seen a substantial rise of 20% in the last 24 hours and 30% over the past week.</p> 
<h3 id="banking-and-blockchain-a-powerful-combination">Banking and Blockchain: A Powerful Combination</h3> 
<p>Speaking at the Ethereum Community Conference in Paris, Chainlink co-founder Sergey Nazarov suggested that the integration of banking systems with blockchain technology through the use of CCIP could lead to a significant influx of capital into the crypto space. He believes that the tokenization of global assets will dominate the future of the sector, and that connecting these two areas will lead to substantial growth in the blockchain industry as a whole. This could potentially result in trillions of dollars flowing into the sector.</p> 
<h3 id="testing-the-waters-swift-and-other-financial-institutions">Testing the Waters: Swift and Other Financial Institutions</h3> 
<p>The CCIP, which was launched just a few days ago, allows for the transfer of tokens across different blockchains. This protocol has been tested by several financial institutions, including Swift, the global interbank messaging network. Nazarov outlined a three-stage process for crypto adoption: the first stage involves establishing a secure system for storing tokens, the second involves the tokenization of assets, and the third involves banks beginning to develop on their own registered chains.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/chainlink-founder-aims-to-infuse-trillions-into-cryptocurrency-market/">Chainlink Founder Aims to Infuse Trillions into Cryptocurrency Market</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Chainlink Founder Aims to Infuse Trillions into Cryptocurrency Market

Table of Contents

CO NEWS

Other articles published on Jul 20, 2023

Binance Released its Crypto Report for the First Half of 2023 – Here are the Important Highlights

Ripple CEO Hails Team's Efforts Following Crucial Court Decision

Bitget Sets Sights on the Middle East: A New Chapter in Global Crypto Expansion

Led Zeppelin Exhibition

Cardano Begins Countdown to Mithril Mainnet Release, Why Mithril?

Trillions of Shiba Inu (SHIB) Moved From Binance US, Here's What's Happening

Join our free newsletter for daily crypto updates!