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European payments groups join forces to challenge US dominance

63 points · 92 comments · vrganj

  1. rattlesnakedave · · focus · HN ↗

    [dead]

    1. KellyCriterion · · focus · HN ↗
      Some years ago I had to execute an international money transfer by SWIFT to someone in South America from our European bank:

      Unfortunately, I did a copy & paste error by reusing the prior version and not overwriting all the data - I forgot to replace the bank account number, but name & co was OK.

      The money didnt arrive, customer was getting angrier and angrier. Esp. since this transaction was related to crypto and back then was one of first BTC highflyertimes.

      A couple of days later I received a message from the bank, asking for having a quick call. In the meantime, they had called the customer to investigate even more.

      Quickly we found out that it was just my mistake by copying & re-using the form. I sent them a SWIFT message confirming what was discussed and that the right account number is indeed 123 instead of 678.

      In the end, all of us were happy, even with a little delay.

      Im 100% sure that this type of cooperation would never work on any of these crypto stacks :-))

      1. rattlesnakedave · · focus · HN ↗
        You have such a simplistic read on the situation, and are so far behind on the space I’m not sure an explanation of what I’m proposing is possible.
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