Swiss crypto bank Amina Bank has partnered with Pyth Network to provide more accurate price feeds for users. This collaboration brings Amina Bank closer to its goal of enhancing the user experience and accessibility of Web3 applications. The real-time price feeds allow Amina Bank to generate an entirely new revenue stream for its business without incurring significant costs.
Boosting Web3 Accessibility
Swiss crypto bank Amina Bank has partnered with the decentralized financial oracle Pyth Network to improve the accuracy and efficiency of its price feeds for users. The collaboration also marks another step in Amina Bank’s ongoing efforts to enhance the user experience and accessibility of Web3 applications.
In a recent statement, the bank said the partnership highlights its commitment to innovation and improving public access to digital assets. Anes Fific, Amina Bank’s COO, called the collaboration a milestone in the bank’s goal of integrating Web3 with traditional finance.
“As these worlds come closer together, AMINA is proud to be at the forefront of this transformation. By working with Pyth to provide our digital asset price data, we can give users in digital finance more robust data and information they need to make informed decisions about DeFi [decentralized finance] and crypto,” Fific stated.
The statement says Amina Bank is the first banking institution to join Pyth Network’s data provider community. This position makes the bank a leader in revolutionizing the banking sector’s role in the digital asset landscape, the statement added.
Michael Cahill, CEO of Douro Labs, said that by providing the Swiss crypto bank with real-time price feeds, Pyth Network makes it possible for Amina Bank to “generate an entirely new revenue stream for its business without incurring significant costs.”
What are your thoughts on this story? Share your opinions in the comments section below.
Read the full article here
