Re:Shorting Bitcoin
by Tenoke on Tuesday June 29, 2021 @06:36AM
(#27674024)
I live in Germany, and even local transfers (between different banks) are not guaranteed to come fast - sometimes it's quick, sometimes it's next working day. So what's true for you is not true everywhere even in the Western world.
[ Parent
| on HN ]
Yes, certainly some countries need to modernize their banking infrastructure.
But you can do that without a blockchain for a tiny fraction of the energy cost, transaction time, and transaction fee (if there's a fee at all).
Example: twint.ch Instant transfer, no fees, ubiquous (you can pay you train ticket/parking/groceries etc... with it as well as transfer money to anyone). No blockchain.
There are in Instant Money transfers in Germany if the banks in transaction support it.
Re:Shorting Bitcoin
by anthony_barker on Tuesday June 29, 2021 @07:41AM
(#27674453)
Like he said it seems to depend. Last week sending Revolut to N26 was instant. N26 to Revolut took 3 days (weekend).
There is no sepa rule that requires inst sepa if it is available.