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?
- sar1n ( @sar1n@infosec.pub ) 16•2 months ago
The eight companies in question are: Mastercard, Revionics, Bloomreach, JPMorgan Chase, Task Software, PROS, Accenture, and McKinsey & Co.
- kylian0087 ( @kylian0087@lemmy.dbzer0.com ) 10•2 months ago
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.
- shortwavesurfer ( @shortwavesurfer@lemmy.zip ) 8•2 months ago
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.
- umami_wasabi ( @umami_wasbi@lemmy.ml ) 3•2 months ago
Domino takes crypto now?
- shortwavesurfer ( @shortwavesurfer@lemmy.zip ) 3•2 months ago
No, but it’s very easy to buy a Domino’s gift card with Monero and use that.
- kylian0087 ( @kylian0087@lemmy.dbzer0.com ) 2•2 months ago
Where I live they used to accept BTC. Not Monero unfortunately.
- shortwavesurfer ( @shortwavesurfer@lemmy.zip ) 7•2 months ago
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) .
- kylian0087 ( @kylian0087@lemmy.dbzer0.com ) 3•2 months ago
Oh that’s interesting! Thanks for letting me know.
- Possibly linux ( @possiblylinux127@lemmy.zip ) English2•2 months ago
Until you do your taxes. The government hates crypto.
- ReversalHatchery ( @ReversalHatchery@beehaw.org ) English1•2 months ago
Besides the other user’s recommendation, have a look at coincards. Haven’t used them yet, but they have gift cards for a lot of things, online and physical brands too.
- pound_heap ( @pound_heap@lemm.ee ) 10•2 months ago
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?
- pound_heap ( @pound_heap@lemm.ee ) 5•2 months ago
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
- bl4kers ( @bl4kers@lemmy.ml ) English9•2 months ago
Honestly if you want real financial privacy, the best thing to use is {insert cryptocurrency that I’m heavily financially invested in}
- tuhriel ( @tuhriel@infosec.pub ) 6•2 months ago
Hey, hey…pssst you forgot to update the template to the your current crypto!
- Dave. ( @dgriffith@aussie.zone ) 5•2 months ago
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 ❤️
- shortwavesurfer ( @shortwavesurfer@lemmy.zip ) 4•2 months ago
Yeah, Monero is absolutely your best bet for financial privacy in the digital world. There’s nothing that compares.
- Possibly linux ( @possiblylinux127@lemmy.zip ) English5•2 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 ( @shortwavesurfer@lemmy.zip ) 1•2 months ago
helps prevent theft evasion.
- Possibly linux ( @possiblylinux127@lemmy.zip ) English3•2 months ago
No it doesn’t
- ReversalHatchery ( @ReversalHatchery@beehaw.org ) English3•2 months ago
Actually, cash compares, doesn’t it? Not online of course, but otherwise
- shortwavesurfer ( @shortwavesurfer@lemmy.zip ) 2•2 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.
- Possibly linux ( @possiblylinux127@lemmy.zip ) English1•2 months ago
We are in the end game