To make the Chainlink Reserve upgrade even more effective, Payment Abstraction has now officially expanded to support offchain payments for Chainlink and multiple onchain services. Payment Abstraction enables revenue from both onchain service usage, as well as significant offchain revenue from existing and ongoing enterprise integrations, usage and maintenance, to be programmatically converted to LINK (if not already paid in LINK). The Chainlink Reserve is an onchain smart contract on Ethereum that operates as an extension of Payment Abstraction and stores a strategic reserve of LINK.