Chainlink’s CCIP has successfully linked Hong Kong’s e-HKD digital currency with Australia’s A$DC stablecoin. This achievement, part of the HKMA-driven Phase 2 e-HKD+ program, highlights opportunities for blockchain innovation, attracting major collaborators such as Visa, ANZ, and Fidelity International.
Image
The double standards surrounding Chainlink are frustrating; other altcoins would experience a substantial price surge from news of a partnership with Visa, yet Chainlink’s response is minimal. A significant upward trend for $LINK is anticipated.
The e-HKD+ program’s primary goal is to explore practical applications for Hong Kong’s CBDC, concentrating on areas like programmability, tokenization, and near-immediate settlement of cross-border transactions. The recent trial demonstrated efficient exchanges between e-HKD and tokenized assets.
Chainlink’s CCIP was integral in bridging ANZ’s private blockchain (DASchain) with Ethereum’s testnet, Sepolia, ensuring swift transaction resolutions. Following this successful test, Chainlink’s LINK token rose by 7% within 24 hours, trading above $14. Traders are optimistic about further gains. Current support is observed at $15.23, with resistance at $16.19, suggesting a potential rally up to $18.81.
Chainlink’s CCIP is becoming vital for blockchain interoperability, facilitating connections between decentralized ledgers and traditional finance, and positioning itself as a key player in the digital currency landscape.
