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Mt Pelerin introduces IBAN linked to crypto wallets
Swiss fintech company Mt Pelerin has announced the launch of personal crypto-IBANs, allowing users to turn their self-custody wallets into a universal account for easily sending and receiving money through both blockchain networks and traditional banking rails.
According to Mt Pelerin, individuals and businesses worldwide — except those in sanctioned countries — can obtain a free IBAN for EUR and CHF by submitting a request to the company.
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The IBAN can then be linked to any self-custody wallet and used with more than 30 cryptocurrencies across 15 blockchains.Conversion from fiat currencies into the ZCHF stablecoin is free, while standard company fees apply to conversions involving other cryptocurrencies.
The IBAN is not a bank account and does not require declaration. The feature is available via app.mtpelerin.com and the company’s mobile wallet application.
Mission and objectives
The fintech company Mt Pelerin is named after the Mont Pèlerin Society, founded in 1947 by a group of economists invited by Professor Friedrich Hayek to Mount Pèlerin.
The society’s original goal was to foster the exchange of ideas and contribute to the preservation and advancement of a free society. Its founders included renowned figures such as Friedrich Hayek, Frank Knight, Karl Popper, Ludwig von Mises, George Stigler, and Milton Friedman.
The developer of the crypto-IBAN follows the same principles. As the company explains, self-custody of cryptocurrencies and digital assets often disconnects owners from the traditional banking system used by the rest of the world. However, the new crypto-IBAN addresses this issue by making self-custody more convenient and better integrated into everyday financial life.
Payments made using the IBAN allow users to send bank transfers to anyone while using cryptocurrency held in their wallet. These transactions appear as standard bank transfers sent to and received from an IBAN in the user’s name, with the crypto settlement taking place seamlessly in the background.
For Mt Pelerin, this feature represents an important milestone, as the company’s mission is to promote and simplify self-custody, making it a practical alternative to a traditional bank account.
As we wrote, Taurus and Aztec launch private token standard for financial institutions
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