"Chainlink is also the choice of many, will the price skyrocket soon?"
Recently surprised by the news regarding RD Technologies which is integrating Chainlink Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve (PoR) to move the stablecoin Hong Kong dollar (HKDR).
In addition to allowing more businesses and merchants to complete payments in HKDR, the collaboration also aims to enjoy faster and cheaper cross-border payments and enable the transfer of real-world assets (RWA) using stablecoins.
Pleased to be informed that a Hong Kong-based fintech firm has entered into an agreement with several world-renowned cross-border payment, virtual asset and wealth management players to use HKDR for cross-border payments.
According to Rita Liu, Chief Executive Officer (CEO) of RD Technologies said the integration not only facilitates the use of HKDR in various matters but also helps facilitate the development of Hong Kong as a global Web3 and virtual asset hub.
While Head of RWA and Alliance at Chainlink Labs Colin Cunningham revealed that CCIP has allowed smart contracts to access data from external systems securely to facilitate data connectivity between blockchains.
Chainlink in April 2024 launched a new CCIP-powered cross-chain bridge application called 'Transporter' to improve token transfer security then there were seven integrations of four Chainlink services across three different chains on May 6, 2024.
As of this writing, the price of the cryptocurrency LINK founded by Chainlink which is trading at $14.07 has decreased by 3.45% in the last 24 hours but still gained by 7.59% over the last week.
