Re:Libra is targeted at developing countries
by hocuspocus on Thursday June 27, 2019 @07:45PM
(#20300077)
Most ATMs don't charge a fee, so if your bank doesn't charge one for a withdrawal out of network, you're good. A lot of countries have had pretty good online banking offerings for a while now and free withdrawals at any ATM are typical.
SEPA is over 10 years old now, and while not the fastest protocol, modern banks clear transfers in a couple of hours. Not bad for something that allows you to wire money to some 500 million people. And the newer SCT instant payment scheme is being rolled out as we speak.
SEPA is over 10 years old now, and while not the fastest protocol, modern banks clear transfers in a couple of hours. Not bad for something that allows you to wire money to some 500 million people. And the newer SCT instant payment scheme is being rolled out as we speak.