Reminder to USAians that the US banking sector being shit and not being able to process transactions in a sane way – thus creating the conditions for shitty band-aids like cryptocurrencies or venmos – is largely a matter of choice on part of the legislators and regulatory bodies.
Waiting days for a bank transfer is a thing of the past.
With the Instant Payments Regulation now in force, all banks in the EU must process Euro transfers within 10 seconds, at no extra cost, 24/7. Banks based in non-euro countries have until 2027 to comply.
We have also mandated a ‘Verification of Payee’ system to help stop fraudsters from getting your money.
Your bank transfers, now instant.
Here's how we’re transforming the EU payment market ➡️ https://link.europa.eu/jkGyTh
