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SEPA Instant Credit Transfer [1] has a soft limit of 10 seconds and hard limit of 20 seconds for money transfers between accounts of different banks. What's the
by majewsky 4y ago
SEPA Instant Credit Transfer [1] has a soft limit of 10 seconds and hard limit of 20 seconds for money transfers between accounts of different banks. What's the use case for "faster than 10 seconds"?
[1] https://www.europeanpaymentscouncil.eu/what-we-do/sepa-instant-credit-transfer https://www.europeanpaymentscouncil.eu/what-we-do/sepa-insta...
- junofan 4y agoYou can pay people in Bolivia that way?
- majewsky 4y agoMoving the goalposts. GP's statement was that TradFi isn't close, so I showed an example where TradFi is close. Also, the number of people who accept Euro is definitely larger than those who accept any cryptocurrency combined.
- asah 4y agosorry, you're correct of course and I was being a bit sloppy. apologies. still, the fact that I haven't heard of the counterexample, suggests that indeed TradFi isn't close in the US sorry to move goalposts again ;-)
- asah 4y agoNice. But the other cool thing about crypto is that it's programmable, so you can arrange 100s of transactions between parties. Micro finance loans, royalties and distribution, etc etc