The Federal Trade Commission issued orders to eight companies offering surveillance pricing products and services that incorporate data about consumers’ characteristics and behavior.
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?
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Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
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Yeah, Monero is absolutely your best bet for financial privacy in the digital world. There’s nothing that compares.
Actually, cash compares, doesn’t it? Not online of course, but otherwise
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.
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.
helps prevent theft evasion.
No it doesn’t