I’d bet you can guess why

  • tehWrapper@lemmy.worldEnglish
    8·
    15 days ago

    Cash or Crypto is about all I can think of…

    If your looking to move money from a bank to someone else’s bank, I don’t think you can expect to have much privacy in that from the parties actually making the transfer happen?

    • devoid@lemm.eeOPEnglish
      3·
      15 days ago

      I’m more looking to keep legal transaction data private in the sense of not being shared or sold. If that’s even possible ever-the-more.

      • SecurityPro@lemmy.ml
        3·
        15 days ago

        Best option I can think of is privacy.com

        You can create virtual cards linked to your bank account and the transaction data is masked when processed by you bank. All my bank transactions show up as NSA Gift Shop. My bank doesn’t know where I’m spending my money. Yes you have to trust privacy.com…

        • devoid@lemm.eeOPEnglish
          3·
          15 days ago

          Yeah i guess it’s too much to ask for open source for this. Privacy.com actually looks like a good option. I will check it out. Thank you.

      • 2xsaiko@discuss.tchncs.de
        2·
        15 days ago

        What about just wire transfer? Everything goes through your bank anyway. That’s what I’ve replaced PayPal with a while ago.

        • devoid@lemm.eeOPEnglish
          1·
          15 days ago

          Thanks! That had not occured to me. The purchases i would use it for would generally be small amounts, so i wonder if that would be feasible.

      • sunzu2@thebrainbin.org
        1·
        15 days ago

        I think there is CC masking service Lois rossamnn shills that that’s prolly easiest route for what youa re looking.

        • devoid@lemm.eeOPEnglish
          3·
          15 days ago

          Never heard of Rossman… looks like an interesting thing he’s got going. Thx

          • sunzu2@thebrainbin.org
            3·
            15 days ago

            Yeah if you are down this path it was inevitable for him to come up. He got a lot of hot takes which are not that very hot once you think about it.

  • mox@lemmy.sdf.org
    8·
    15 days ago

    There is no privacy-focused PayPal alternative in the US, in part because US money transfer laws and policies (e.g. Know Your Customer) directly oppose privacy.

    However, there are a couple of projects in development that might eventually lead to something less bad for privacy than PayPal is:

    • GNU Taler, if they ever get any exchanges, and they either figure out how to mitigate the high fees for wire transfers or use some other transfer method when people make small payments. (Their plan to use batch wire transfers won’t help until the exchanges get a lot of adoption and frequent use. Of course, high fees discourage adoption and use, so this might not ever happen.)
    • FedNow, if banks ever use it to build person-to-person payment services instead of just using it for themselves and their business customers.
    • shortwavesurfer@lemmy.zip
      1·
      15 days ago

      Monero as the current fiat system becomes more and more untenable and people look for a solution not controlled by governments.

      • mox@lemmy.sdf.org
        01·
        14 days ago

        Cryptocurrencies are not reliably fungible, nor stable, nor widely accepted. They have their uses, but they are not suitable replacements for PayPal and not what OP asked for.

        • shortwavesurfer@lemmy.zip
          2·
          14 days ago

          Monero is fungible and especially when using the one-year moving average is quite stable. The variance on either side of the moving average is about 15% and that will decrease as adoption occurs. I run a small store where I sell products for Monero at stable prices for three months in a row by using the moving average as my price point.

    • devoid@lemm.eeOPEnglish
      5·
      15 days ago

      And that’s okay. Just looking to break with the enshitification movement.

  • jet@hackertalks.comEnglish
    4·
    15 days ago

    https://www.privacyguides.org/en/advanced/payments/

    Monero is the only privacy digital cash equivalent I’m aware of. There are a limited number of vendors who will accept it, and any of your friends who you can convince to take monero will also accept it

    https://kycnot.me/?t=service

    Here’s a list of known services that accept it. Things like VPNs, web hosting, email hosting, game hosting, internet services basically

    Any of the other payment systems, the bank systems like zelle, PayPal, etc … They all have the problem of introducing a third party into your transactions. Who will then almost certainly sell your data

    • sunzu2@thebrainbin.org
      2·
      15 days ago

      They all have the problem of introducing a third party into your transactions. Who will then almost certainly sell your data

      Shoulda held on to cash harder…

  • GolfNovemberUniform@lemmy.ml
    41·
    15 days ago

    I’d bet you can guess why

    If your use case is illegal and requires anonymity, digital money transactions are dangerous due to the US law requirements, even if the system is FOSS. Use cash or cryptocurrency with good opsec in such cases.