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BIC after Russia enters full scale civil war and South Africa gets cold feet.
Will just be BIC soon. Russia is on the brink of collapse. South African politicians meanwhile are still on the fence about BRICS and alienating to West.
Most tubular locks can also be easily jiggled open with a disposable BIC pen
> I'm just a bit confused, because I know that individuals also use BIC/SWIFT codes for everyday payments or transfers. Do these get bundled into larger SWIFT transactions? Yup, pretty much. There are different types of SWIFT messages. For customer payments there are both `Multiple Customer Credit Transfer` messages (bulk, probably vast majority, as the average value indicates), and ` Single Customer Credit Transfer` messages. > Wouldn't that channel require a huge liquidity, and thus [...] preventing these funds from being used in other activities? The channel would indeed require a huge amount of absolute liquidity. But the question is: How higher liquidity would it require, in relation to the one they already need to maintain for the payments with the traditional system. The challenge here is how to build the network graph of the LN channels among the banks and optimize it for low required liquidity according to the expected/predicted flow of payments.
\> All of them are institutional, and they are not sending pennies. \[...\] \~$120,000 per transaction on average. Ok, I learned one more thing today. :) I'm just a bit confused, because I know that individuals also use BIC/SWIFT codes for everyday payments or transfers. Do these get bundled into larger SWIFT transactions? ​ \> Wouldn't that channel require a huge liquidity, and thus \[...\] preventing these funds from being used in other activities? The channel would indeed require a huge amount of absolute liquidity. But the question is: How higher liquidity would it require, in relation to the one they already need to maintain for the payments with the traditional system. The challenge here is how to build the network graph of the LN channels among the banks and optimize it for low required liquidity according to the expected/predicted flow of payments.
They are free for sure but instant only if the bank supports it. Why the hell do I still need to provide BIC number and bank address when banks should be able to decode this shit from SEPA number? I just had to call bank this week because the SEPA wire didn't make it from bank A to bank B, both accounts under my name and I used template so I didn't make an error in the transfer info. At the end it took 2 days instead of 2 hours normally and they didn't tell me why.
Exactly, here in EU we use SEPA system but I still need to provide BIC number and confirm bank address (sometimes provide info about the destination account owner). Why the hell do I need this shit when banks should be able to get this info from the SEPA account number? Not to mention, as you said, sending wire to US or somewhere else. In that case swift number, bic, etc. And then you should pray it will actually arrive minus a hefty fee.
Hey u/SumarokovElston, hope it's ok for us to jump in. We totally understand your concern about whether different banks will accept our services or not. While we can't guarantee that every bank will accept us, we can tell you that most banks are usually pretty open to working with us. To help you out, you may provide us with the BIC code and we can confirm if it's ok or not from our side. But when it comes to the bank's specific policies, it's always best to check directly with them. Additionally, you may consider using Bank Frick SEPA, which doesn't charge any fees (1€) and has the same processing times as Fidor. While we cannot specifically recommend any banks, some of our clients have benefited from online banks like Revolut, especially in cases where local banks are not available to them. Hope this helps. If any inquiries or concerns surface, we’re just a message away. (｡•‿•｡) Have a great day! Christian from Kraken Support 🐙
Bought a Nintendo Switch with BTC back in 2018 from BIC Camera while I was on vacation in Japan.
I'm a liquidity provider. And I love all of the other providers. And all the farmers. And all the lurkers like me! You too can be a liquidity provider. Start today. HEY HEY HEY! WASA WASA WASA WASSUP BIC.....Ops....MOON FARMERS!!!!! Stop putting your money on PEPE, WOJAK or other bs...Just provide some liquidity, farm those rewards and become a Leviathan.
They have cheap electricity to mine and if others like the BIC accept it than it will undermine the USD. Good for bitcoin though.
BIC Camera branches in Tokyo accept bitcoin. I paid bitcoins at Akihabara and Shinjuku branches before.
I don't trust Plaid. Here is a portion of their privacy policy: As explained in greater detail below, depending on which of Plaid’s service you or the developer uses, Plaid may collect the following: * Identifiers (for example, name, email address, phone number, and username); * Location information (for example, timezone setting and device location); * Financial information (for example, financial account name and number, balance, and transaction history); * Commercial information (for example, data relating to which of our services you use through developer apps and the dates and times of your use); * Electronic network activity information (for example, your device hardware model and operating system, and browser data); * Professional information (for example, information about your employer and payroll information); and * Inferences that we have derived from the information we’ve collected (for example, we may derive location from IP address or your annual income from your pay stubs). **Information we collect from your financial accounts.** The information we receive from the financial product and service providers that maintain your financial accounts varies depending on a number of factors, including what and how information is made available by those providers and the specific Plaid services developers use, or in cases where we offer services directly to you, the Plaid services you use. Depending on these factors, the information we collect may include identifiers, commercial information, financial information, and professional information from your financial product and service providers. More specifically, this may include the following types of information: * Account information, including financial institution name, account name, account type, account ownership, branch number, IBAN, BIC, account number, routing number, and sort code; * Information about an account balance, including current and available balance; * Information about credit accounts, including due dates, balances owed, payment amounts and dates, transaction history, credit limit, repayment status, and interest rate; * Information about loan accounts, including due dates, repayment status, balances, payment amounts and dates, interest rate, guarantor, loan type, payment plan, and terms; * Information about investment accounts, including transaction information, type of asset, identifying details about the asset, quantity, price, fees, and cost basis; * Identifiers and information about the account owner(s), including name, email address, phone number, date of birth, and address information; * Information about account transactions, including amount, date, payee, type, quantity, price, location, involved securities, and a description of the transaction; and * Professional information, including information about your employer, in limited cases where you’ve connected your payroll accounts or provided us with your pay stub information. Depending on the Plaid service a developer uses and the manner that the data is made available, the data collected from your financial accounts may include information from all accounts (e.g., checking, savings, and credit card) accessible through a single set of account credentials.
No question, just want inform an issue here, <<European here>> If i try to send money via SEPA the bank address and BIC given by you is for the Luxemburg bank and the IBSN given by you is for the german Bank. It is confusing many people who genuinely want to use SEPA.
We're waiting for the price to tank so we can buy more of 'em for our money. After the recession takes down the S&P 500 (and BIC alone with it) we'll jump in and buy it all.