The Federal Trade Commission issued orders to eight companies offering surveillance pricing products and services that incorporate data about consumers’ characteristics and behavior.

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?

  • kylian0087@lemmy.dbzer0.com
    44·
    6 months ago

    Best way to hide transactions is with crypto. And namely Monero. Not exactly PayPal like but Monero is the most private.

    • Sem@lemmy.mlOPEnglish
      4·
      6 months ago

      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.

    • Mango@lemmy.world
      23·
      6 months ago

      No it’s not. Crypto is very specifically not that. It’s an open ledger.

      • makeasnek@lemmy.mlEnglish
        21·
        6 months ago

        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.