Mt Pelerin Selects Tezos to Power Its Open Source Asset Tokenisation Platform
by Fintechnews Switzerland July 14, 2021Mt Pelerin’s cryptocurrency mobile app Bridge Wallet has launched support for Tezos with a zero fees on-ramp and off-ramp for XTZ, the native cryptocurrency of the Tezos blockchain.
The firm said that it is “dedicated to building bridges between the crypto economy a traditional finance and is excited to bring their non-custodial mobile app Bridge Wallet to the Tezos ecosystem”.
Additionally, Mt Pelerin announced that Tezos will power its open source asset tokenisation platform, to support the issuance and management of compliant tokenised securities such as shares, bonds or funds.
Bridge Wallet is the gateway to a new world of money, the mobile wallet, which now supports Tezos and its XTZ token, focuses on facilitating direct fiat to crypto investments and easy crypto withdrawals.
With more than 13,000 users today in 171 countries, Bridge Wallet is gaining traction for offering completely free crypto-fiat transactions, with no commission, inflated spread or hidden costs.
Tezos celebrated its three year anniversary this year, making it one of the first and longest running Proof of Stake blockchains. Network activity on Tezos has grown 1,200 percent this year due in part to its energy-efficient design and ease of use. Game developers, music labels, sporting franchises, central banks, and more are all building on Tezos.
It also has a growing DeFi ecosystem with ERC-20 bridges for low-gas cross-chain utility, yield framing protocols, and surging AMM platforms.
With Bridge Wallet, Tezos users can purchase and cash out XTZ by bank transfer at no cost, up to a certain threshold – from $500 to $50,000 for holders of MPS tokens, the tokenised shares of Mt Pelerin – above which a small degressive commission is charged. Instant card purchases and withdrawals will also be available soon for XTZ.
