#Cryptocurrency #Switzerland #Geneva #Mt Pelerin #Crypto IBAN

Mt Pelerin Introduces Personal Crypto IBAN

Mt Pelerin is excited to announce the launch of its personal cryptocurrency IBAN service, revolutionizing the way users interact with digital assets and traditional banking. This innovative feature allows users to transform their self-custodied wallets into universal accounts that effortlessly send and receive money through both blockchain and conventional banking networks.

One of the fundamental principles of Bitcoin and cryptocurrencies is self-custody—maintaining ownership and control over one’s funds without third-party intervention. This provides financial freedom but often leads to disconnection from the traditional banking system. With the introduction of the crypto IBAN, Mt Pelerin bridges this gap, making self-custody more practical and integrated into everyday financial transactions.

What is the Crypto IBAN?

Users can create a personal IBAN in Euros or Swiss Francs, linked directly to their cryptocurrency wallets. This allows them to:

• - Receive bank transfers from anyone, converted directly into cryptocurrency within their wallet.
• - Send bank transfers using cryptocurrency from their own wallet.

These transactions resemble standard bank transfers, appearing as if sent from the user's IBAN, while the crypto settlement happens seamlessly in the background. This feature represents a significant milestone in Mt Pelerin’s mission to promote and simplify self-custody, making it a practical alternative to traditional banking.

Features of the Crypto IBAN

1. Accessibility: Users from around the globe can request an IBAN, with certain countries excluded. Both individuals and organizations can acquire one.
2. Cost-effective: The IBAN service is completely free. Transfers between fiat currencies and the stablecoin ZCHF incur no fees, while standard fees apply for conversions with other cryptocurrencies.
3. Versatile Usage: The IBAN can be linked to any self-custodial wallet and supports transactions across more than 30 cryptocurrencies on 15 different chains.
4. No banking declaration required: The IBAN is not classified as a traditional bank account, simplifying user reporting and compliance.
5. User-friendly Access: Users can manage their IBAN through the web at app.mtpelerin.com or via the mobile wallet app.

Why This Matters

The introduction of the crypto IBAN is a transformative development for self-custody advocates. With this feature, every wallet can operate as a robust tool for storing and managing funds without the need for third-party oversight. It provides a pathway for users to engage with the financial world on their terms, unlocking the true promise of financial freedom that cryptocurrencies can offer.

In summary, with the launch of the crypto IBAN, Mt Pelerin is not just introducing a new service but is redefining the landscape of financial management. This initiative allows users to seamlessly integrate cryptocurrency into their everyday finances, creating a more accessible financial world for everyone.