UK digital banking giant Revolut becomes a Pyth Network data publisher

• Revolut
  has
  joined
  Pyth
  Network
  as
  a
  data
  publisher
  to
  support
  reliable
  DeFi
  price
  feeds.
• The
  partnership
  bridges
  traditional
  finance
  and
  DeFi
  using
  blockchain
  technology.
• Revolut
  serves
  45M
  users
  globally
  and
  its
  partnership
  with
  Pyth
  expands
  its
  web3
  financial
  ecosystem.

Revolut,
a
leading
digital
banking
platform
in
the
UK,
has

partnered
with
the
Pyth
Network
to
become
its
latest
data
publisher.

This
strategic
move
highlights
the
growing
convergence
between
traditional
finance
and

decentralized
finance
(DeFi),
as
blockchain
technology
gains
traction
across
the
financial
sector.

Revolut
expanding
into
the
web3
ecosystem

Revolut,
regulated
by
the
UK’s
Financial
Conduct
Authority,
is
renowned
for
its
innovative
approach
to
banking
and
financial
services.
By
joining
the
Pyth
Network,
a
blockchain-based
oracle
solution,
Revolut
will
provide
price
data
to
bolster
the
reliability
and
security
of
decentralized
applications
(dApps).

The
collaboration
marks
a
significant
step
in
Revolut’s
expansion
into
the
web3
ecosystem.

The
Pyth
Network,
which
integrates
price
feeds
from
over
120
data
providers
and
supports
more
than
450
dApps,
aims
to
deliver
transparent
and
dependable
data
for
DeFi
projects.

Pyth’s
partnership
with
Revolut
digital
bank
leverages
the
bank’s
extensive
market
expertise
to
enhance
the
accuracy
of
Pyth’s
price
feeds.
This,
in
turn,
strengthens
the
infrastructure
for
emerging
financial
applications,
where
reliable
data
is
critical.

Mike
Cahill,
CEO
of
Duoro
Labs
and
a
Pyth
Network
contributor,
emphasized
the
importance
of
bridging
traditional
and
decentralized
finance.

“We
are
witnessing
a
pivotal
moment
where
established
financial
institutions
like
Revolut
recognize
the
value
of
digital
assets
and
DeFi.
Together,
we
are
shaping
a
future
where
transparent
and
secure
data
empowers
the
next
generation
of
financial
innovations,”
Cahill
stated.

Since
its
launch
in
2015,
Revolut
has
rapidly
grown
to
serve
over
45
million
users
across
200
countries,
offering
a
wide
range
of
financial
services.
The
partnership
with
Pyth
Network
underscores
Revolut’s
commitment
to
adopting
cutting-edge
technology
to
remain
at
the
forefront
of
financial
innovation.

As
DeFi
continues
to
evolve,
partnerships
like
this
are
expected
to
play
a
crucial
role
in
fostering
trust
and
accessibility.
By
integrating
with
the
Pyth
Network,
Revolut
is
not
only
enhancing
DeFi
ecosystems
but
also
reinforcing
its
position
as
a
leader
in
the
digital
banking
space.