I don't care how it works. All I care for is that it works fine and it's cheap. On top of that the number of times in my 36 years of life I had to send money

I don't care how it works. All I care for is that it works fine and it's cheap. On top of that the number of times in my 36 years of life I had to send money beyond the EU is literally 0. Not once. This is an edge case that maybe some split families have, but it's just a non issue for 99.9% of bank transfers.