Those in the EU have IBAN and instant transfers (both in country and between oth...

		toomuchtodo on May 10, 2021 \| parent \| context \| favorite \| on: Simple bank shutdown goes awry, leaving customers ... Those in the EU have IBAN and instant transfers (both in country and between other countries in the EU; I believe the max SLA for payments to settle is no more than 20 seconds). The US does not yet have such a system, but it’s being built (domestic instant transfers).