Comment by _rknLA

It is dramatically easier to send someone a bank transfer in Europe (and I'd imagine, the rest of the world) than it is in the US. All you need is the recipient's IBAN (and sometimes BIC, which is usually already in the IBAN), and boom, you can initiate a transfer from your bank to theirs, for free. It blows my mind that banks in the US still haven't figure out how to do this.