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I live in Germany, and even local transfers (between different banks) are not guaranteed to come fast - sometimes it's quick, sometimes it's next working day. S
by Tenoke 5y ago
I live in Germany, and even local transfers (between different banks) are not guaranteed to come fast - sometimes it's quick, sometimes it's next working day. So what's true for you is not true everywhere even in the Western world.
- tribaal 5y agoYes, certainly some countries need to modernize their banking infrastructure. But you can do that without a blockchain for a tiny fraction of the energy cost, transaction time, and transaction fee (if there's a fee at all). Example: twint.ch Instant transfer, no fees, ubiquous (you can pay you train ticket/parking/groceries etc... with it as well as transfer money to anyone). No blockchain.
- kensai 5y agoThere are in Instant Money transfers in Germany if the banks in transaction support it.
- anthony_barker 5y agoLike he said it seems to depend. Last week sending Revolut to N26 was instant. N26 to Revolut took 3 days (weekend). There is no sepa rule that requires inst sepa if it is available.