> It's still much longer than 10 minutes, isn't it?
Wrong tool for the task. Ironically, every transaction I’ve done in Europe used U.S. dollars and Fedwires, which close immediately and cost basically nothing. When people go off about petrodollars or whatever, the simple fact of American international payment superiority is often missed.
(The ECB has been taking about an always-on instantaneous system for a while [1]. I haven’t kept track of its progress.)
Wrong tool for the task. Ironically, every transaction I’ve done in Europe used U.S. dollars and Fedwires, which close immediately and cost basically nothing. When people go off about petrodollars or whatever, the simple fact of American international payment superiority is often missed.
(The ECB has been taking about an always-on instantaneous system for a while [1]. I haven’t kept track of its progress.)
[1] https://www.ecb.europa.eu/paym/retpaym/instant/html/index.en...