Decentralized data infrastructure provider Pyth has partnered with fintech banking company Revolut to integrate digital banking data into Decentralized Finance (DeFi).

According to a press release, #Revolut will provide digital asset price data to #Pyth Price Feeds, allowing #DeFi developers to incorporate market and transaction data.
Meanwhile, Revolut will provide its own digital asset price data to Pyth Price Feeds to support secure data usage.
Meanwhile, Revolut will be providing its own digital asset price data to Pyth Price Feeds to support the secure operation of distributed Pyth applications (DApps). In an exclusive interview with Cointelegraph, Mike Cahill, CEO of
Douro Labs and a key member of the #Pyth network, said the partnership is proof that the boundaries between traditional finance and web3 are disappearing once and for all.
The integration of Revolut with the Pyth network emphasizes the growing connection between traditional finance (TradFi) and DeFi, which Cahill said sets the stage for a truly global financial marketplace.
Revolut will have access to more than 500 real-time feeds on digital assets, currencies, stocks and commodities, which Pyth believes will support DApps with a total trading volume of more than $1 trillion by 2024
Through this partnership, Revolut will expand its cryptocurrency services, including the Revolut X platform, to the entire European Economic Area. In a statement, Revolut called the partnership a natural progression.
While comparisons between pricing data providers can often arise, Cahill emphasized that the team is focused on a broader goal rather than direct competition.
Pyth was long ago surpassed by Chainlink (in total transaction volume).
Pyth Network's goal is not just to be the best oracle. Our mission is to accelerate the rate at which DeFi is overtaking TradFi and enable developers to build DApps that can compete with apps.
Read us at: Compass Investments
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