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A comment on Iran authorizes use of cryptocurrency for imports payment. Parent comment

Re:Iran authorizes use of cryptocurrency for imports payment by gamblor956 on Wednesday April 28, 2021 @01:02PM (#26971628)
Many countries (China, Russia, Iran, etc...) have a giant incentive to escape SWIFT and US-centric control over value transfer.

Well, the good news on that front is that most international money transfers use the IBAN system rather than swift, and IBAN is run by a consortium of EU banks.

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Re:Iran authorizes use of cryptocurrency for imports payment by ur-whale on Wednesday April 28, 2021 @04:18PM (#26973659)
> most international money transfers use the IBAN system

Source?

And while it may be the case by number of transactions, I'd be very surprised if that was true by volume.

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Re:Iran authorizes use of cryptocurrency for imports payment by valdiorn on Wednesday April 28, 2021 @04:45PM (#26973967)
What would they use other than IBAN/swift??

Edit; I think your parent comment is confusing concepts. IBAN is international bank account number. You enter an Iban as the target address for your swift transfer. I wasn't aware of a different system that also uses IBAN ... is there one?

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Re:Iran authorizes use of cryptocurrency for imports payment by ur-whale on Wednesday April 28, 2021 @06:35PM (#26975123)
IBAN are a European thing.

When you wire money from e.g. Europe to the US, they don't speak IBAN, you have to specify US-centric bank account designations.

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