Earlier quoted context omitted.
The banks here have said that if you get scammed and money has been transferred (no cryptocurrency involved), there's nothing they can do. It was a bit surprising to hear since you only hear cryptocurrency transactions being irreversible.
The difference is, crypto makes irreversibility a fundamental part of the system, making it impossible for any party to unilaterally reverse a payment without having to first take over the entire chain. With regular fiat money and banks, such reversals are perfectly possible on a technical level. The banks are usually unwilling to do them, and an individual may not be able to force them to in practice, but it's still…
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