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UK digital banking giant Revolut becomes a Pyth Network data publisher
Revolut, one of the world’s largest digital banks, has announced its partnership with Pyth Network to become a data publisher. This strategic collaboration highlights the growing importance of bridging traditional and decentralized finance.
In an interview, Simon Cahill, a senior executive at Revolut, emphasized the significance of this partnership: “We are witnessing a pivotal moment where established financial institutions like ourselves 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.”
Since its inception in 2015, Revolut has experienced rapid growth, serving over 45 million users across 200 countries. This recent partnership with Pyth Network underscores the company’s commitment to embracing cutting-edge technology and staying ahead of the curve in financial innovation.
The integration with Pyth Network is a crucial step for Revolut, as it enhances its DeFi ecosystem while reinforcing its position as a pioneer in digital banking. By participating in this collaboration, Revolut demonstrates its dedication to fostering trust and accessibility within the decentralized finance space.
As Decentralized Finance (DeFi) continues to evolve at an unprecedented pace, partnerships like this are expected to play a vital role in building bridges between traditional financial institutions and emerging technologies.
Source: coinjournal.net
