According to Foresight News, Chainlink announced that Payment Abstract has officially launched the main network, which can significantly reduce payment friction within the Chainlink network. Payment Abstract allows users to pay for Chainlink service fees using alternative assets such as Gas tokens and stablecoins, which are then automatically converted to LINK tokens through Chainlink Automation, price oracles, CCIP and DEX. Payment Abstract is now in production, with an initial focus on converting network fees incurred by Chainlink Smart Value Recapture (SVR).