Mt Pelerin has just taken a significant step in integrating cryptocurrencies into everyday finance. The Swiss company has announced the availability of personal IBANs linked to self-custodial wallets. In other words, it's now possible to have an IBAN in euros or Swiss francs while keeping your funds in crypto, without using a traditional bank account.
This innovation answers a question as old as Bitcoin: How can I use my cryptocurrencies without depending on a bank and without giving up my autonomy?
Until now, owning a self-custody wallet gave you absolute control over your assets, but from a banking perspective, you were isolated. It was impossible to receive a transfer like any other citizen, difficult to get paid in euros, let alone pay a bill or send a SEPA transfer seamlessly. Mt Pelerin changes this dynamic.
What is MontPelerin?
MtPelerin is a fintech Swiss specializing in self-custody and bridging the gap between crypto and traditional finance. In fact, the application's name is "Bridge Wallet".
What can be done:
- Buying and selling Bitcoin and stablecoins directly from your self-custody wallet.
- Receive SEPA bank transfers (EUR/CHF) to a personal IBANand see them credited as crypto in your wallet.
- Send standard bank transfers by using your cryptos and the recipient receives a SEPA payment as if you had a bank account.
- Convert and exchange your assets between several cryptocurrencies without going through a custodial exchange.
- Manage multiple blockchain assets and networks in a single interface.
- Using crypto in everyday life (pay, bill, manage income or savings) while retaining total control of your keys.
Why adding the IBAN is important :
The idea is simple: reconnect the crypto world with banking systems, but without sacrificing the principle of sovereignty. Today, receiving a payment in euros to this IBAN is equivalent to directly crediting your crypto wallet.
Conversely, making a standard bank payment using your crypto funds is possible, without the recipient noticing any difference. The experience is similar to a traditional IBAN, while behind the scenes you retain full control of your keys and funds.
This movement addresses the structural obstacle experienced by users: they can hold their assets, but not easily use them. By linking the wallet and the IBAN, Mt Pelerin paves the way for everyday finance where cryptocurrencies circulate seamlessly alongside euros.
What is its practical purpose??
At first glance, obtaining an IBAN when you already have a bank account seems redundant. However, it's not the same thing. Mt Pelerin's IBAN isn't a bank account in the traditional sense: it acts as a bridge to your digital wallet. The difference is that you can be paid in euros without entrusting them to a bank.
The funds are not stored in a bank silo; they are immediately linked to your crypto wallet. You retain self-custody, which is essential in a world where the intermediary becomes the risk.
For whom is this relevant?
This new service primarily targets crypto users who want to maintain full control of their funds while accessing the banking world without compromising themselves.
It will also appeal to freelancers, citizens of countries with low banking penetration, and expatriates whose relationship with banks is limited or complicated. Finally, it will attract those committed to financial sovereignty, tired of seeing banks act as mandatory gateways between fiat and crypto.
Some limitations to keep in mind
Although the experience resembles that of a bank account, it is not one. It is a payment identifier linked to a wallet: you remain responsible for the security, your keys, and your backups.
Losing access to your wallet means losing access to your funds. And while fiat-to-crypto conversions can be free in some cases, other conversions incur fees, as with any financial system.
The possibility of becoming a shareholder of Mt Pelerin
A little-known but very interesting element is the fact that MtPelerin has tokenized a genuine legal share of his Swiss company, called MPS.
Unlike the majority of "corporate tokens" which do not give any real rights, the MPS represents an official share registered in the Swiss register.
By holding shares, the user becomes a true shareholder: they benefit from voting rights, potential dividends, fee reductions, referral bonuses, and even free exchanges up to a certain amount. This aligns with MtPelerin's philosophy: not only do you retain control of your funds, but you can also own a share of the infrastructure itself—a rare and appealing approach for those who believe in financial sovereignty.
A step towards the normalization of Bitcoin in everyday life
This launch marks a significant step towards the real adoption of cryptocurrencies.
In a world where self-custody of funds is becoming widespread, where exchanges are becoming more risky than practical, Mt Pelerin provides a new articulation: freedom, but compatible with real life.
Disclaimer: The information presented in this article is for educational and informational purposes only. It does not constitute financial, legal, or tax advice, nor a recommendation to buy or invest. Some links in this article may be affiliate links. This transparency is important: it helps us fund our work while maintaining our editorial independence.
