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?

  • shortwavesurfer@lemmy.zip
    54·
    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.zipEnglish
      52·
      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
        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.