UK digital banking giant Revolut has become a Pyth Network data publisher

Revolut has joined Piz Network as a data publisher to support reliable DeFi value feeds. The partnership will bridge traditional finance and DeFi using blockchain technology. Revolut serves 45M users worldwide and the partnership with Paiz expands the Web3 financial ecosystem.

Revolut, the leading digital banking platform in the UK, has become the latest data publisher to partner with Pyth Network.

This strategic move highlights the growing nexus between traditional finance and decentralized finance (DeFi).

Expanding into the web3 ecosystem.

Regulated by the UK's Financial Conduct Authority, Revolut is renowned for its innovative approach to banking and financial services. By joining Pit Network, Oracle's blockchain-based solution, Revolut will provide pricing information to strengthen the reliability and security of decentralized applications (dApps).

The collaboration is a major step in Revolut's expansion into the web3 ecosystem.

The Paiz Network, which integrates the price feeds of over 120 data providers and supports over 450 dApps, aims to provide clear and reliable data for DeFi projects.

Peet's partnership with Revolut Digital Bank leverages the bank's extensive market knowledge to enhance the accuracy of Peet's price feeds. This also strengthens the infrastructure for emerging financial applications, where reliable information is critical.

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

We are witnessing a critical moment where established financial institutions like Revolut are realizing the value of digital assets and DeFi. Together, we are creating a future where transparent and secure data will power the next generation of financial innovation,” said Cahill.

In the year Since its launch in 2015, Revolut has grown rapidly to serve more than 45 million users in 200 countries, providing a wide range of financial services. The partnership with Paiz Network demonstrates Revolt's commitment to leveraging technology to remain at the forefront of financial innovation.

As DeFi continues to evolve, such partnerships are expected to play a critical role in increasing trust and accessibility. By integrating with the Paiz network, Revolut is not only improving the DeFi ecosystem, but also consolidating its leadership position in the digital banking space.