this post was submitted on 01 Jun 2024
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Privacy

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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

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[โ€“] sic_semper_tyrannis@lemmy.today -1 points 5 months ago (4 children)

BTC lightning.

Why are you annoyed by Paypal and Venmo? What do you want changed? KYC and these companies having control of your money is common on all these everyday platforms. If you want a real change you need to use self custodial non-KYC crypto currencies.

[โ€“] makeasnek@lemmy.ml 5 points 5 months ago* (last edited 5 months ago)

I use lightning on the regular. Transactions confirm in under a second, fees often less than a penny. Works incredibly well. For custodial wallets (less privacy but you can connect to your bank account to buy/sell BTC and they are as easy to use as venmo) check out Strike. For non-custodial wallets, Phoenix is great and super easy, for maximum privacy use Zeus but it's slightly more complex than Phoenix.

Lightning, like Bitcoin which it is built on, provide pseudonymity not anonymity. Understand the difference and look into it if you're curious. Still vastly better than credit cards, banks, etc when it comes to privacy.

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