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Swiss FinTech Company Mt Pelerin Launches Cryptocurrency IBAN Service, Facilitating Interoperability Between Self-Custody Wallets and Traditional Banking Systems

Summary: According to PRNewswire, Swiss FinTech company Mt Pelerin has announced the launch of a personal cryptocurrency IBAN service. This service allows users to convert their self-custody wallets into universal accounts, enabling seamless fund transfers between blockchain and traditional banking networks. Users can create personal Euro or Swiss Franc IBANs and link them to their cryptocurrency ...

According to PRNewswire, Swiss FinTech company Mt Pelerin has announced the launch of a personal cryptocurrency IBAN service. This service allows users to convert their self-custody wallets into universal accounts, enabling seamless fund transfers between blockchain and traditional banking networks. Users can create personal Euro or Swiss Franc IBANs and link them to their cryptocurrency wallets, supporting receipt of bank transfers directly converted into cryptocurrency in the wallet, as well as sending bank transfers to anyone using cryptocurrency in the wallet. These transactions appear similar to standard bank transfers on the front end, while cryptocurrency settlements occur seamlessly in the background. The service is available to global users (excluding countries on a specific list), with IBANs provided for free, fiat to ZCHF stablecoin conversions free of charge, and other cryptocurrency conversions charged at standard rates. The service supports over 30 different cryptocurrencies on 15 chains.

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