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?
The eight companies in question are: Mastercard, Revionics, Bloomreach, JPMorgan Chase, Task Software, PROS, Accenture, and McKinsey & Co.
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 ❤️
Hey, hey…pssst you forgot to update the template to the your current crypto!
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?
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.
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 it’s not. Crypto is very specifically not that. It’s an open ledger.
This is not accurate. Monero offers a very high degree of privacy and anonymity. So does Bitcoin lightning, to a lesser degree. Lightning transactions don’t go on chain and are known only to: sender, recipient, and intermediate nodes, if any.
Nice try FBI.
