This is going to happen somewhere, get used as a marketing differentiator, and then be everywhere in 18 months.https://twitter.com/petruslundqvist/status/702502491372576768 …
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Estonia had near-instant inter-bank transfers until the new SEPA rules made them slow down (while making other countries faster).
@patio11Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 isn't it 99% politics, 1% draw-the-rest-of-the-owl?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Internal? Add a nice heap of "it's only SQL, we retain control of the funds & can therefore partially derisk faster transactions." -
@patio11 Add in networks & more trusted institutions...I'd speculate that the speed of financial transfers is EXACTLY their perceived risk.
End of conversation
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@patio11 UK banks now pretty much all do instant free cross-bank transfers for values under 10k these days \o/Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 It also helps them collect the interest while the funds are in limbo (i.e. in their hands). Maybe the 0 rates make them reconsider.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 I can do intraday transfers within Europe using SEPA. Took less than 4h for a transfer to get from .fr to .ie.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 This is a mostly solved problem in the UK since 2008: http://www.fasterpayments.org.uk/Thanks. Twitter will use this to make your timeline better. UndoUndo
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