I’m annoyed by Paypal, Venmo (and other similar vehicles) because they use what should be a simple process (one person giving money to another person) to invade our privacy and to siphon value towards billionaires. I’d rather be able to transfer funds with the simplicity and precision of giving the person standing before me a ‘fiver’. And without someone else making bank off the transaction, for clarity’s sake.
KYC defined: “The Know Your Client (KYC) or Know Your Customer (KYC) is a process to verify the identity and other credentials of a financial services user. KYC is a regulatory process of ascertaining the identity and other information of a financial services user.” https://corporatefinanceinstitute.com/resources/wealth-management/know-your-client-kyc/
I’ve seen Zelle recommended. And as it turns out my bank uses it, as well. From Alternativeto:
License Model: Free, Proprietary Platforms; Android, iPhone
Zelle® has partnered with leading banks and credit unions across the U.S. to bring you a fast, safe and easy way to send money to friends and family. Money moves quickly - directly from bank account to bank account.
No advertising on Craigslist, Government websites, Brennan Translations (https://brennantranslation.wordpress.com/).
same. Someone I know, this morning, said “oh I just got on threads”, and “everyone is there”, and worse “the only reason I know about it is because you told me.” The thing is, 1. Threads is a Meta project, 2. I told them about it in the context of this huge discussion on the fediverse about defedding from corporate social media, in which the VAST MAJORITY agree that federating with corp social media is bad plan. sigh.
Thank you, that’s most helpful. And no I won’t take your words blindly. Trust, and verify. :-) I’ll need to make sure my bank/ credit union is on with GNU Taler, tho’ it sounds unlikely, at this time.