You go to your bank and ask them to start a wire transfer. The recipient’s bank will provide the instructions. You can even do this entirely online.
Haha, or, I can just click a single link from a donation page and send ETH from the wallet in my browser directly to the organization that I want to support, which I did in the case of Ukraine. No need to log in to any third party website, and the transaction was finalized in ~10 seconds with negligible fees.
Seems that crypto is just a technical solution to socio-political issues that plague parts of the world.
Did you ever bother to check that "single link from a donation page" to make sure it's really the correct one?
I love being able to call a bank if my VISA card gets stolen and charged up to high heaven and get that all reversed.
Meanwhile, good luck with that NFT that mysteriously landed in your wallet that has bad coding in it to wreck your day. But yes, mass adoption imminent!
[0] https://theintercept.com/2022/01/19/crypto-afghanistan-sanct...
Why would being physically in a bank be needed?
Interbank transfers work the same way regardless of country ( with the exception of sanctions - you can't wire money to Russia or Iran just like that), over the SWIFT protocol with an IBAN and BIC. Usually you pay a fee for the transfer and currency exchange - some banks abuse that, some are competitive.
I have transacted millions in crypto and wire transfers. Banking with crypto is like the 1970s - exorbitant fees. To do anything useful with it I have to offramp to fiat which drum rolls ends with a wire transfer.
I don't think I've ever wired money in my life. I guess I never needed to. And the few occasions I needed to send some money internationally, I've simply sent crypto, used Western Union, or something like PayPal or Revolut.
I’ll admit that the crypto UX is faster with just entering a destination wallet address. It would be good if banks could adopt QR codes to provide similar experienfe.
Sometimes you get charged a fee, but many institutions will waive that (e.g. Schwab) if your balance is high enough.