Revolut, the UK-based digital banking giant, is the latest company to join the Pyth Network as a data publisher.

the partnership Between the Financial Conduct Authority's regulated Neobank and the Paith network (Beth) means that Revolut will now contribute its price data to the blockchain-based oracle network, benefiting the growing decentralized financial ecosystem.

Revolut's integration with Pyth comes as the gap between traditional finance and decentralized finance continues to narrow.

This trend has gained momentum amid the growing adoption of blockchain technology across fintech and related ecosystems. Pyth's oracle solution plays a key role in this development as the platform seeks to scale alongside industry giant Chainlink (connection). Both Oracle networks aim to provide web3 users and organizations with enhanced transparency and reliability.

Mike Cahill, CEO of Duoro Labs and Pyth Network contributor, highlighted the growing recognition of digital assets and decentralized finance in traditional finance.

“Pyth’s collaboration with Revolut is part of a larger trend we’re seeing, where traditional banking institutions, trusted by millions of customers globally, recognize the value of decentralized finance and digital assets. Together we are driving the future of finance, where transparent and trusted data empowers the next generation of applications.” Finance.

As a data publisher on the Pyth Network, Revolut will contribute to Pyth price feeds, enhancing the security and reliability of decentralized applications. In return, Pyth will leverage Revolut's market expertise to provide accurate and reliable price feeds for decentralized applications. For Revolut, the partnership represents an important step in expanding its presence in the web3 space.

Launched in 2015, Revolut has grown to over 45 million users and serves 200 countries. Meanwhile, the Pyth network continues to expand, with more than 120 data providers, more than 590 price feeds, and integration across 450 decentralized applications.