Sun. Dec 3rd, 2023

• Mt Pelerin, a Swiss-based cryptocurrency exchange, has announced new support for the Bitcoin’s Lightning Network on their app.
• The app and exchange serve 171 countries and six languages globally, with users being able to buy and sell bitcoin with no identification required for amounts under CHF1,000 per day.
• Additionally, they are exploring a payments solution for merchants which could greatly grow the merchant-end of the Lightning Network.

Mt Pelerin Announces Support for Bitcoin’s Lightning Network

Mt Pelerin, a Swiss-based cryptocurrency exchange, has announced new support for the Bitcoin’s Lightning Network on their app.

Global Reach & Privacy Protection

The app and exchange serve 171 countries and six languages globally. Swiss regulation allows for users to buy and sell bitcoin with no identification required for amounts under CHF1,000 per day. This preserves privacy in the face of growing threats related to compromised personal information.

Easier User Experience

“Mt Pelerin plans to let advanced users run their own Lightning node in Bridge Wallet in the near future,” the release explains. “In the meantime, the current release takes care for the user of all the complex channel and liquidity management features of Lightning. This allows for a much easier user experience and completely free transactions.”

Merchant Solution Exploration

Also mentioned is the exploration of a payments solution for merchants, which could greatly grow the merchant-end of the Lightning Network. The virtually free and instant transactions that Lighting enables are especially useful for merchants.

Conclusion

.This expresses how powerful Bitcoin can be in tangible ways that benefit users.

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