Last month, Revolut teamed up with Pyth to launch their Learn course in Revolut app. „Now, we’re taking the next step forward in our partnership with Pyth Network. We’re joining 100+ data publishers on the Pyth Network, delivering digital asset price data to power more than 80 blockchain ecosystems. By becoming a data provider, we’re enhancing Pyth’s real-time price feeds, ensuring their resilience and security.” – according to a company’s blog.
As a leading blockchain oracle, Pyth brings real-world data sets to blockchain ecosystems to secure hundreds of user applications — such as Kamino Finance, Drift Protocol, and Ondo Finance. To make this possible, Pyth requires reliable data sets. By offering first-party price data, „we aim to help make the next generation of finance apps in the DeFi (decentralised finance) ecosystem as robust as possible for our customers and Web3 users alike”.
Why this partnership matters
The financial landscape is evolving rapidly, with traditional finance (TradFi) rapidly converging with DeFi. Our partnership with the Pyth Network helps customers get the best data, not only within the Revolut exchange, but also across the wider DeFi market.
“Our partnership with Pyth is an important milestone in the journey to modernise finance. As DeFi continues to gain traction, Pyth’s position as the backbone of the industry will help Revolut contribute to 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.” – said Mazen Eljundi – Global Business Head of Crypto at Revolut.
“Pyth’s collaboration with Revolut is part of a larger trend we’re seeing, where traditional financial institutions, trusted by millions of customers globally, are recognising the value of decentralised finance and digital assets. Together, we are driving the future of finance, where transparent and reliable data empowers the next generation of financial applications.” – said Mike Cahill – CEO of Douro Labs and contributor to the Pyth Network.
„We’ve always been committed to making the financial experience better for our customers. By working with Pyth, we’re helping make finance easier to access, more open, and enable decentralised applications to tap into accurate data from reliable sources.” – the company explained.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
