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?
Honestly if you want real financial privacy, the best thing to use is {insert cryptocurrency that I’m heavily financially invested in}
You’re right, I try to use {insert cryptocurrency that I’m heavily financially invested in} for my every day transactions as much as possible, you should too, and you can get amazing returns as well! It’s win-win nobody loses ❤️
The eight companies in question are: Mastercard, Revionics, Bloomreach, JPMorgan Chase, Task Software, PROS, Accenture, and McKinsey & Co.
Best way to hide transactions is with crypto. And namely Monero. Not exactly PayPal like but Monero is the most private.
Unfortunately there are a very small amount of places when I can pay with crypto… I do not want to face also questions from AML officers. I’m not a journalist in the dangerous country or political activist, so Monero looks like an overhead for me.
Monero is for everybody. The most common things I purchase on a monthly basis in Monero are Domino’s Pizza and groceries. And as far as I’m aware, neither of those things are illegal. Monero is money, just like a $100 bill is money (currently). It is perfectly legal to hold and use Monero.
Domino takes crypto now?
No, but it’s very easy to buy a Domino’s gift card with Monero and use that.
Where I live they used to accept BTC. Not Monero unfortunately.
Well, there are plenty of places that do accept Monero. Take a look at https://monerica.com and https://xmrbazaar.com which is a small but growing marketplace to buy and sell anything you wish (excluding illegal goods) .
There is Privacy.com that gives you virtual cards to use for purchases. Money go from your bank account to them. Destination is visible on payment description still, but it may fool bank’s algorithm. Or you can get paid plan from Privacy.com and mask destination completely.
That is what I need! Unfortunately, it is for US only… Is there, maybe, something similar in European region?
Oh, sorry, I’ve assumed that you are in US since you posted an article about FTC.
I don’t know if there is a similar service in Europe. I think you could get a virtual card linked to a crypto wallet, but this obviously comes with downsides
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
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.
