After reading such news I have an obvious question. Does anyone know a PayPal-like service, that allows to hide the destination of my transactions from Mastercard / bank, but with a good privacy policy? Or how else can I restrict the usage of my financial data by mastercard or bank?

  • shortwavesurfer@lemmy.zip
    link
    fedilink
    arrow-up
    5
    arrow-down
    5
    ·
    3 months ago

    Yeah, Monero is absolutely your best bet for financial privacy in the digital world. There’s nothing that compares.

    • Possibly linux@lemmy.zip
      link
      fedilink
      English
      arrow-up
      5
      arrow-down
      2
      ·
      3 months ago

      I think Taler has a lot of promise. It protects the buyer but keeps a record of the money received. This helps prevent tax evasion.

      • shortwavesurfer@lemmy.zip
        link
        fedilink
        arrow-up
        2
        ·
        3 months ago

        Yes and no cash for the physical world does indeed protect your privacy properly. However, you do run into the issue that you have to trust. Your government’s currency, which at least for me, I do not. So Monero is also a way of getting out from the government currency that I believe is being debased and devalued.