I’ve long been annoyed that everyone, including myself uses Paypal/ Venmo for moving money around. What alternatives do you find useful? Here’s a list (https://alternativeto.net/software/venmo/). GNU Taler looks viable (https://taler.net/en/index.html). I would love to have your thoughts!
Edit: Thanks for everyone’s input. I really appreciate it. <3
GNU Taler looks interesting, but is it usable today?
It’s apparently designed around exchanges, and I don’t see any exchanges mentioned on the site. Do any actually exist?
The FAQ mentions depending on wire transfers, which have famously high fees that would have to be passed on to users somehow. Aggregating payments into delayed settlement transfers could mitigate that cost between high-volume organizations, but it won’t help people who just need send money to each other. (Meanwhile, ACH transfers are practically free, but I don’t know if they fit Taler’s design or plans.) Does Taler have a plan to solve this?
I don’t quite understand how it works yet, so wonder: would it work in sanctioned locations, like how, say, Monero can?
Taler is not ment to be completely censorship resistant. It takes the side of dealing with goverment, law and other things and is expected to be used in areas with working democracy.
A private alternative to MasterCard, PayPal, Stripe, etc. not a new currency or completely different banking system. And we need it.