Swiss fintech company Mt Pelerin launches crypto IBAN service, enabling interoperability between self-custody wallets and traditional banking systems

ChainCatcher news, according to PRNewswire, Swiss fintech company Mt Pelerin has announced the launch of personal cryptocurrency IBAN services. 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 crypto wallets, supporting the receipt of bank transfers that are directly converted into cryptocurrency and deposited into the wallet, as well as sending bank transfers to anyone using the cryptocurrency in their wallet. These payments appear identical to standard bank transfers, while cryptocurrency settlement is seamlessly handled in the background. The service is open to users worldwide (except for countries on the exclusion list), IBANs are provided free of charge, fiat to ZCHF stablecoin conversions are free, and other cryptocurrency conversions are charged at standard rates. The service supports more than 30 cryptocurrencies across 15 blockchains.