- Revolut joins Pyth Network as a data publisher to support reliable DeFi price feeds.
- This partnership uses blockchain technology to bridge traditional finance and DeFi.
- Revolut serves 45 million users globally and expands its web3 financial ecosystem through its partnership with Pyth.
Revolut, the UK’s leading digital banking platform, has partnered with 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 expands into Web3 ecosystem
Regulated by the UK’s Financial Conduct Authority, Revolut is known for its innovative approach to banking and financial services. By joining Pyth Network, a blockchain-based oracle solution, Revolut will provide price data to enhance the reliability and security of decentralized applications (dApps).
This collaboration is an important step in Revolut’s expansion into the web3 ecosystem.
Integrating price feeds from 120+ data providers and supporting 450+ dApps, Pyth Network aims to provide transparent and trusted data to DeFi projects.
Pyth’s partnership with Revolut digital bank leverages the bank’s extensive market expertise to improve the accuracy of Pyth’s price feed. This in turn strengthens the infrastructure for emerging financial applications where trusted data is critical.
Mike Cahill, CEO of Duoro Labs and Pyth Network contributor, emphasized the importance of bridging traditional and decentralized finance.
“We are witnessing a significant moment where traditional financial institutions like Revolut are recognizing the value of digital assets and DeFi. Together, we are creating a future where transparent and secure data powers the next generation of financial innovation,” said Cahill.
Revolut has grown rapidly since its launch in 2015, serving more than 45 million users in 200 countries and offering a wide range of financial services. Our partnership with Pyth Network highlights Revolut’s commitment to adopting cutting-edge technologies to stay at the forefront of financial innovation.
As DeFi continues to evolve, partnerships like this are expected to play a key role in increasing trust and accessibility. Through its integration with Pyth Network, Revolut is not only strengthening the DeFi ecosystem, but also solidifying its position as a leader in the digital banking space.