Mont Pelerina Swiss-based cryptocurrency exchange, announced new support for Bitcoin’s Lightning Network on its app.
The press release sent to Bitcoin Magazine describes how “users can now get Bitcoin directly to the Lightning Network easily, by card or bank transfer, spend, receive and manage their sats with Mt Pelerin’s Bridge Wallet mobile app and withdraw funds from Lightning to their bank account in 14 currencies.
The app and exchange serves 171 countries and six languages worldwide. Swiss regulations allow users to buy and sell bitcoin without identification required for amounts less than CHF 1,000 per day. This preserves privacy in the face of growing threats linked to compromise information.
“Mt Pelerin plans to allow advanced users to run their own Lightning node in Bridge Wallet in the near future,” the statement explains. “In the meantime, the current version supports the user of all complex channel and liquidity management features of Lightning. This allows for a much easier user experience and completely free transactions. Those who already use their own node and Lightning wallet can of course use the service to buy and sell sats on it.
Exploring a payment solution for merchants is also mentioned, which could significantly expand the merchant side of the Lightning Network. The virtually free and instant transactions enabled by Lighting are particularly useful for traders and express the power of Bitcoin in a tangible way for users.