In the latest announcement, Pyth Network announced its partnership with Revolut, a global leader in digital banking as a data publisher to contribute its trusted price data to the decentralized finance (DeFi) ecosystem.
The collaboration highlights the growing convergence of traditional finance (TradFi) and decentralized finance (DeFi), which offers advancements in transparency and market efficiency.
Revolut, the digital banking giant serving 45M users across 200 countries, just became a Pyth Network data publisher!
Real-time price feeds from a fintech giant = better data for builders, more transparency for users.
The future of finance isn’t either/or — it’s both. 🤝 pic.twitter.com/9KKIMBlyE9
— Pyth Network 🔮 (@PythNetwork) January 8, 2025
Revolut Join Hands With Pyth Network
Revolut, launched in 2015, has reshaped consumer finance with its super-app offering services like international money transfer, cryptocurrency trading, and stock investments. With over 45 million users across 200 countries, the platform has become synonymous with seamless digital banking solutions. Now, as a data publisher on Pyth Network, Revolut strives to extend its impact by improving on-chain financial systems.
On the other hand, Pyth Network, an oracle technology, fills the gap between off-chain and on-chain data. Oracles like Pyth are crucial for bringing real-world data into blockchain-based applications. It ensures the smooth operation of smart contracts with accurate and real-time information. By contributing price data to Pyth Price Feeds, Revolut will empower decentralized applications (dApps) to function securely and efficiently.
In the blog post, Mazen Eljundi, Global Business Head of Crypto at Revolut, stated “As DeFi continues to gain traction, Pyth’s position as the backbone of the industry will help Revolut capitalize on this transformation. By working with Pyth to provide our reliable market data to applications, Revolut can influence digital economies by ensuring developers and users have access to the precise, real-time information they need.”
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