[sneak]

This is a great example of one of the many many real-world uses of cryptocurrency that has (likely) been made illegal by regulators.

[curiousgibbon]

Europe has had instant, free bank transfers for years without any crypto in the underlying tech. The same regulators taking away crypto are perpetuating the horror show that is US retail banking in other ways.

[sneak]

They require identity, and a trust relationship with a bank, and only work inside the one defined economic zone.

Cryptocurrency is better than those systems by almost all metrics.