3 ms·
> Maximum settlement time for SEPA transfers has been 1 business day since 2012. I had not noticed. It's still much longer than 10 minutes, isn't it?
by grondilu 9y ago
> Maximum settlement time for SEPA transfers has been 1 business day since 2012.
I had not noticed. It's still much longer than 10 minutes, isn't it?
- JumpCrisscross 9y ago> It's still much longer than 10 minutes, isn't it? Wrong tool for the task. Ironically, every transaction I’ve done in Europe used U.S. dollars and Fedwires, which close immediately and cost basically nothing. When people go off about petrodollars or whatever, the simple fact of American international payment superiority is often missed. (The ECB has been taking about an always-on instantaneous system for a while [1]. I haven’t kept track of its progress.) [1] https://www.ecb.europa.eu/paym/retpaym/instant/html/index.en.html https://www.ecb.europa.eu/paym/retpaym/instant/html/index.en...