Also I agree banks in the US really need to modernise their procedures, I don’t really see how this is an argument for cryptocurrncy.

Here in Europe I can make a payment to any other EUR bank account in Europe, for free and it’ll usually arrive the same or next day. All I need is the recipients bank account number, and to enter that and the amount on my online banking - I don’t need to go and see anyone or fax anything over.

Recently a new initiative was launched where (between participating banks) you can transfer up to €15,000 in a maximum of 10 seconds:

https://www.europeanpaymentscouncil.eu/what-we-do/sepa-insta...