I’m aware that when both banks have KYC and a pre-existing account relationship on file between US and the EU it runs as smoothly as you’ve described (which is

I’m aware that when both banks have KYC and a pre-existing account relationship on file between US and the EU it runs as smoothly as you’ve described (which is frankly not that smoothly). Now try a new employee, or not being white, or a million other things. The conventional international money transfer scenarios start to get some serious grit in the gears. If you hit even one of those potholes the USDC there in 15 minutes thing has already won. By your own admission it’s already won if it’s after 5pm (not 3) Eastern. 24/7/365: 15 minutes, 5 bucks or 50 million. That’s better than SWIFT for you at dinner time, and for a lot of people ever.