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A comment on Stripe can make automatic LLCs but a wire transfer from Citi nearly ended me. Parent comment
But why does it work within the same day (or partially virtually instantenous) with SEPA payments 1) between banks in different European countries?
Why isn't there such a thing as IBAN 2) outside of Europe, which really helps to make bank transfers seamless and unambiguous?
It sometimes seems that regulation and standardization is not such a bad thing.
1) https://en.wikipedia.org/wiki/Single_Euro_Payments_Area 2) https://en.wikipedia.org/wiki/International_Bank_Account_Number
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But why does it work within the same day (or partially virtually instantenous) with SEPA payments 1) between banks in different European countries?
Why isn't there such a thing as IBAN 2) outside of Europe, which really helps to make bank transfers seamless and unambiguous?
It sometimes seems that regulation and standardization is not such a bad thing.