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@matthew_d_green Never understood why there are n+x (for a new x every year) mutually incompatible ways to transfer money from bank account to bank account in the US. SWIFT/IBAN + some regulation makes this a solved problem in the EU and many other countries.
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@matthew_d_green Then again, all SWIFT transactions are mirrored to the NSA, so privacy under some threat models is not necessarily a strength ...