It removes the entire second paragraph. It takes about 5mn to do a SEPA bank transfer: open banking client, open transfers, create new transfer, enter destination IBAN, enter amount, optionally set a data & some text, confirm.

Which is much longer than handing someone a 10 euro note.

That would be of limited value to someone in Sweden, which uses the krona. Automatic currency conversion is one of the advantages of electronic payments over cash.

And then you wait 3 days for the money to actually arrive. I frequently send money between EU countries and the speed of transaction is abysmal unless you want to transfer to be denominated in Euro which means that if you're sending money between two non-euro currencies you're losing money twice.

SEPA is for euro-denominated bank accounts. That's what the E is.

You can send a sepa transfer out of a non-euro denominated bank account to another non-euro denominated account, but it will get converted to Euro first. That's why I said you get charged twice - once at origin and again at the destination. And you might want to do that if you want the speed of a SEPA transfer - regular inter-bank transfers between different EU countries still take days to process.

So assume he's an Aussi and paste that second paragraph back.