Mt Pelerin, a Swiss-based cryptocurrency exchange, has announced new support for the Bitcoin Lightning Network in its app.
A press release sent to Bitcoin Magazine describes how “users can now easily request Bitcoin directly on the Lightning network, by card or bank transfer, spend, receive and manage sats with the Mt Pelerin Bridge Wallet mobile application and cash out funds from Lightning back in. bank account in 14 currencies.
This application and exchange serves 171 countries and six languages worldwide. Swiss regulation allows users to buy and sell bitcoins with no identification required for amounts below CHF1,000 per day. This preserves privacy in the face of many threats related to compromised personal information.
“Mt Pelerin plans to allow advanced users to open their own Lightning nodes in the Bridge Wallet in the near future,” the release said. “For now, the current release takes care of users of all the complex channels and liquidity management features of Lightning. This allows for a simpler user experience and free transactions. Those who already run their own Lightning nodes and wallets can certainly use the service to buy and sell sitting there .
Also mentioned is the exploration of payment solutions for merchants, which can develop the merchant-end of the Lightning Network. The almost free and fast transactions that Lighting allows are especially useful for merchants, and express the power of Bitcoin in a tangible way for users.