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A comment on UST “Stablecoin” at $.43. Parent comment

Re:UST “Stablecoin” at $.43 by Tenoke on Wednesday May 11, 2022 @05:18AM (#31337559)
Not sure about the US but my SEPA transfers in the EU frequently do take 2-3 days (sometimes it's instant but at least with my German bank account it often isn't).
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Re:UST “Stablecoin” at $.43 by qayxc on Wednesday May 11, 2022 @05:55AM (#31337753)
Simple solution: threaten to sue. SEPA transactions have to be done within a banking working day by law.

Now if you transfer on a Tuesday and the bank is closed on Wednesdays - tough luck, they're allowed to take till Thursday.

But there's always the option of doing an "instant" transfer if you're willing to pay extra.

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Re:UST “Stablecoin” at $.43 by biztos on Wednesday May 11, 2022 @06:17AM (#31337885)
My German online bank, N26, does free “instant” SEPA up to 2000 EUR. I think others do too but not all.
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Re:UST “Stablecoin” at $.43 by Tenoke on Wednesday May 11, 2022 @07:50AM (#31338516)
I did a SEPA transfer from a German N26 account yesterday and I have a message in the app that it might take 2-5 business days to reach the recipient. Instant transfers aren't universal.
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