alt Hacker NewsThat's not the point at all. Currently I'm using paypal to send money to friends when we split dinner or share other costs. I'd like to use a similar European service instead and not go through a ceremony to open my banking app, initiate transfer, write the recipient's IBAN, confirm and wait a day for the transfer to take place.
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> write the recipient's IBAN,
You can do it once, and save in in your bank app.
> wait a day for the transfer to take place.
Isn't instant SEPA required to be supported by all banks now?
Entering an IBAN once in a blue moon is a cheap price to pay to not be the US's bitch imho
I split bills via Revolut?
I could do it via IBAN and it would mostly (not to all banks) instant.
My bank also allows payments via a phone number now. Tested once and it works, but everyone's used to Revolut for bill splitting here in Romania.
You shouldn't need to wait for a day, instant transfers have been a thing for a while now. Unless you're in terribly bad luck to be stuck with one of the few banks that are lagging behind.
International money transfers, even between currencies, now take seconds whenever I do them.
The "map phone number to bank account" services do make this whole thing a lot easier, but on the other hand I kind of don't want to help scammers by giving them the option to look up what bank they need to pretend to be before dialing a number.