this post was submitted on 24 Jul 2024
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Privacy

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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?

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[–] Mango@lemmy.world 0 points 3 months ago (1 children)

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

[–] makeasnek@lemmy.ml 1 points 3 months ago (1 children)

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.

[–] Mango@lemmy.world -2 points 3 months ago