Mt Pelerin, a cryptocurrency exchange based in Switzerland, has recently included support for the Lightning Network of Bitcoin in their application.

In a press statement shared with Bitcoin Magazine, it’s detailed that users now have the convenience to acquire Bitcoin straight on the Lightning network. This could be achieved either by card or bank transfer. Additionally, users can expend, acquire, and administer their satoshis with the Bridge Wallet, Mt Pelerin’s mobile application, and liquidate funds from Lightning back to their bank account in one of 14 different currencies.

The platform and its exchange serve 171 nations and support six languages globally. Swiss regulations enable users to buy and sell bitcoin without requiring identification for daily transactions below CHF 1,000. This feature ensures user privacy amid escalating concerns related to the leakage of personal information.

As mentioned in the release, Mt Pelerin has future plans to enable advanced users to operate their Lightning node in the Bridge Wallet. For now, the current version handles all the intricate channel and liquidity management features of Lightning on behalf of the user. This allows for a significantly simplified user experience and totally free transactions. For those who already manage their Lightning node and wallet, the service can be utilized to buy and sell satoshis on it.

The release also highlighted ongoing investigations into a payment solution for merchants. Such a development could potentially expand the merchant base of the Lightning Network. The nearly free and instant transactions facilitated by Lightning are particularly beneficial for merchants, showcasing Bitcoin’s potential in a way that is directly beneficial to users.

The incorporation of the Bitcoin Lightning Network into Mt Pelerin’s operations signifies a vital leap towards fostering seamless and efficient crypto transactions. By reducing transaction costs and improving speed, it can contribute to a more robust, inclusive financial ecosystem. Furthermore, the provision to operate a user’s Lightning node could be a game-changer for those wanting to take their crypto dealings to a new level of independence and control. For merchants, this opens the door to a whole new realm of possibilities, transforming the way they conduct their business in the digital economy.