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A comment on Bitcoin passes 10,000 USD. Parent comment

Re:Bitcoin passes 10,000 USD by moduspol on Tuesday November 28, 2017 @11:14AM (#15798513)
If I initiate one now for $10,000 and send it to you, you'll be able to walk into your bank and withdraw $10,000 in 15 seconds?

Would you be able to re-send that $10,000 to someone else after that 15 seconds?

I'm no expert on SEPA, but it looks to me like (as a practical matter) we are not talking about 15 seconds for normal people [1].

[1] https://ingpcm.com/en/payments-collections/sepa/sepa-credit-...

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Re:Bitcoin passes 10,000 USD by zaarn on Wednesday November 29, 2017 @02:29AM (#15805260)
SCT (SEPA Credit Transfer) takes longer yes.

SCT Inst, the new standard that is coming out is 15 seconds and yes, if you send me 10k$ I can book those 10k$ elsewhere within those 15 seconds (if I can type my TAN that fast)

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