An international wire transfer has been instantaneous when I’ve used them in the... | Hacker News

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		prepend on Jan 5, 2023 \| parent \| context \| favorite \| on: Bitcoin Is the Detector of Imbeciles An international wire transfer has been instantaneous when I’ve used them in the past. I’ve never sent to Ukraine, but have to UK, Nepal, Uganda, Tanzania, Kenya, Romania, Switzerland, Korea, and Australia. I haven’t timed it, but recipients all got the money same day. Does it take a long time in Kiev to process transfers? How does the recipient spend butcoin anyway? Wouldn’t they need to transfer it to a local bank before withdrawing as cash or whatnot?

lfodofod on Jan 5, 2023 [–]

> Wouldn’t they need to transfer it to a local bank before withdrawing as cash or whatnot?

There are a bunch of exchange desks that will immediately exchange to paper USD. Want half a million dollars in cash within the hour? No problem.

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