Swiss crypto bank Amina Bank has partnered with Pyth Network to provide users with more accurate price feeds. This collaboration brings Amina Bank closer to its goal of improving the user experience and accessibility of Web3 applications. The real-time price feeds allow Amina Bank to generate a whole new revenue stream for its operations without incurring significant costs.
Improving Web3 accessibility
Swiss crypto bank Amina Bank has partnered with decentralized financial oracle Pyth Network to improve the accuracy and efficiency of its price feeds for users. The partnership also marks another step in Amina Bank’s ongoing efforts to improve 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, COO of Amina Bank, called the partnership a milestone in the bank’s goal to integrate 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 pricing data, we can provide users in the digital finance industry with more robust data and information they need to make informed decisions about DeFi [decentralized finance] and crypto,” said Fific.
The statement said that Amina Bank is the first banking institution to join the Pyth Network data provider community. This position makes the bank a leader in revolutionizing the role of the banking industry in the digital asset landscape, the statement said.
Michael Cahill, CEO of Douro Labs, said that by providing the Swiss crypto bank with real-time price feeds, Pyth Network enables Amina Bank to generate “an entirely new revenue stream for its operations without incurring significant costs.”
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