Sure, it does. But it takes a lot more time to arrive (which is the whole reason of existence of SOFORT, which logs into your banking account, assures you have the funds and triggers the transfer and then tells the recipient that it's safe to assume the money will arrive in a day or three) and you need the recipient's bank details, which is a problem in the US, because of identity theft and dumb regulation around it.

That's getting better, and some day it will probably work globally and near-instant, but we're not there yet.