Mt Pelerin Introduces Personal Crypto IBANs, Blending Self-Custody With Everyday Payments
Mt Pelerin has unveiled a major update to its self-custodial ecosystem with the launch of personal crypto IBANs, a feature designed to eliminate one of the longstanding barriers between digital assets and traditional finance. While self-custody has been a defining principle of cryptocurrency, users have historically struggled to move funds fluidly between blockchain networks and conventional bank accounts. Mt Pelerin’s new answer directly addresses this gap by linking a user-owned wallet to a euro or Swiss franc IBAN, enabling standard bank transfers to function as effortlessly as digital asset transactions.
The integration allows any self-custodial wallet to operate like a universal payment account, capable of across legacy banking rails while preserving full control over Secret keys. This makes the wallet behave similarly to a traditional current account, except that incoming and outgoing transfers are settled in crypto in the background. For users, the experience is simple: receive a bank transfer and have it instantly converted into crypto on-chain, or initiate a payment using crypto that is remitted as fiat to any IBAN recipient.
The feature is a direct response to a growing demand for tools that bring digital assets into practical, everyday use cases without sacrificing decentralization. By offering IBAN connectivity without custody, Mt Pelerin positions itself as one of the few firms enabling users to fully opt out of traditional account-based finance while staying interoperable with it. In essence, the company is giving self-custody a new level of real-world utility, turning a crypto wallet into a functional bridge between two historically incompatible systems.
Self-Custody Meets Banking Utility Through Multi-Currency IBANs
At the center of the new release is the ability for users to create a personal EUR or CHF IBAN hosted in Switzerland, within the SEPA network. Unlike most crypto-fiat on-ramps, the IBAN is fully attributed to the user’s name—ensuring that payments appear as standard transfers from a conventional account. This eliminates common friction points such as intermediary platforms, delayed settlement, or compliance-related hold periods that often complicate crypto-fiat interactions. With the IBAN tied directly to the wallet, fiat money moves in and out through processes familiar to traditional account holders, but without involving a bank in the custody of the funds.
Users can receive transfers from employers, clients, platforms, or any third party, and those funds are automatically converted to the cryptocurrency of their choice—either ZCHF at no cost or more than 30 supported assets across 15 chains with standard fees. Conversely, sending a payment requires nothing more than initiating the transfer from within the app; the system handles fiat conversion and remittance automatically. Crucially, the IBAN itself is free to obtain and accessible to global users, with eligibility restrictions limited to a small list of excluded jurisdictions.
The new feature is not classified as a bank account, nor is it required to be declared as one, adding a regulatory advantage for users who want straightforward fiat connectivity without the reporting requirements associated with . For individuals and organizations looking to operate with greater financial autonomy—whether for payments, payroll, remittances, or treasury management—the IBAN link offers a more flexible alternative to operating through centralized platforms or banking intermediaries that can freeze, block, or delay transfers.
Takeaway
A Milestone for Self-Custody and the Future of Crypto Payments
The introduction of personal crypto IBANs marks a strategic milestone for Mt Pelerin, reinforcing its ambition to make decentralized finance practical for everyday monetary life. For years, users who embraced self-custody found themselves torn between the autonomy of holding their own keys and the convenience of traditional financial tools. The company’s latest innovation assists close that gap by delivering a unified experience where users no longer have to choose between sovereignty and utility. This push reflects a broader movement in , tokenized currencies, and decentralized infrastructure mature, the need for seamless fiat interoperability becomes more critical.
One of the most compelling aspects of the feature is its ability to support individuals working across borders, including freelancers, remote employees, and payments but still need to interact with the fiat-heavy global economy. By enabling instant conversion of payments into crypto, Mt Pelerin gives these users a transparent, predictable way to receive earnings while shielding them from currency devaluation or banking barriers. The reverse functionality—sending crypto as fiat—opens new use cases for bill payments, remittances, and business transactions.
The move also reinforces the role of Switzerland as a hub for regulated crypto innovation. Hosting IBANs within the Swiss SEPA zone provides international compatibility and a familiar payment experience, while maintaining the regulatory clarity that has made the country a leader in . As crypto adoption accelerates worldwide and more users viewk alternatives to custodial platforms, Mt Pelerin’s personal crypto IBANs may serve as a blueprint for the next generation of hybrid financial systems that prioritize user control without compromising usability.
