sorry for hijacking the topic op, but in the EU it doesnt matter, since we have sepa
EU has SEPA, North America has ACH for bank to bank transfer, both also use SWIFT.
So you are saying that with SEPA you can go in to any branch of any bank and directly deposit cash into any other bank? That must be new.
If so you can buy my bitcoins by going into whatever bank you happen to be standing near and deposit cash into my UBS account and I can then immediately log in to my UBS account online and see the funds and release Bitcoin-Broker to send the escrow-ed coins to you... or does the EU SEPA work pretty much just like the US ACH with its delays and limitations?