What this means for you is:
Basically, IFEX is about giving you choices and removing the artificial barriers that prevent innovators from improving the current financial world.
What will it look like?
Individuals based in Europe and some other areas will already be familiar with the IBAN (or International Bank Account Number), a new standard for international banking that was developed by the European Union and is now being used in an increasing number of additional countries and jurisdictions.
IFEX encouranges the use of the IBAN or a slightly modified version of the IBAN, known as the IIBAN (or Internet International Bank Account Number). The IIBAN is a sixteen letter code made up of capital letters and numbers, and is what you use to identify your accounts when you want someone to send you money, or what they'll give you when they want you to send them money.
If you already have an IBAN with an established bank, why not ask them to support IFEX?
If you don't, an IIBAN will be easy to get from any number of providers - in fact you can even register to provide them yourself.
Where can I get connected?
Commercial services are presently under development.