[Semaphor]

> As of May 2020, 77 countries were using the IBAN numbering system

-- IBAN Wikipedia [0]

It’s not that widespread. For international payments, you can do international bank transfers which have fees associated with them which can be shared or put on one side of the transaction only. It’s often easier and cheaper to use a 3rd-party provider like XE or TransferWise.

[0]: https://en.wikipedia.org/wiki/International_Bank_Account_Num...

[Aachen]

Amazes me that there is no standardized way to do money transfers between big countries that we very commonly buy/sell stuff from/to like the USA, China, etc. Thanks for the info and link!