You can send money to any Ukrainian bank account via SWIFT. This includes all pe... | Hacker News

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yks on June 7, 2022 | parent | context | favorite | on: Letter in Support of Responsible Fintech Policy

You can send money to any Ukrainian bank account via SWIFT. This includes all personal bank accounts. A recipient needs to lookup the bank's SWIFT code and IBAN which can be non-obvious but working with crypto is also non-obvious. Fees vary as do crypto fees. Crypto is not a qualitative improvement here, it's just one option out of many with pros/cons.

generationP on June 7, 2022 [–]

For many Americans, SWIFT is harder than crypto. I don't think I can transfer via SWIFT without physically going to my bank here in the US.

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