Mastodawn

We need a solution to process international payments that isn't an American fintech company or cryptocurrency and is privacy-respectful like yesterday.

Please 🙏

Edit: By privacy-respectful, I don't mean anonymous. I mean a solution that practices data minimization, and does not share and monetize the data it collects.

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Kevin Karhan

1d ago

@Em0nM4stodon Good Luck finding anything at all...

#wero sadly isn't gonna be available ouside of #SEPA so it's not even competitive to #PayPal and at best will mirror Russia's #Mir Payment System.
- And so far is likely gonna have less acceptance retail than #AliPay, #WeChatPay, #JCB & #UnionPay in the #EU. Those 4 don't even allow people outside the "P.R." #China (or in the case of JCB: #Japan) to make an account.
#GnuTaler is #Vapourware and doesn't even constitute a real currency.
- But merely a hodge-podge payment system that at best competes with other closed-loop solutions like Sony's #FeliCa (as used in #Pasmo, #Suica & #OctopusCard systems).
Requiring #NoKYC makes it basically illegal to operate or found in the entire EU / #EFTA, #USA and most other places around the world under false pretenses like " #AML " & " #CTF ".
- I can cofirm @ParadeGrotesque 's insights as true: Even if you are working for a payment processor who bankrolls the "OnlyFans we have at home", you gonna have to do more "due diligence" re: payouts than a mere 18USC2257-style form.
Well, the least worst that actually works that I can point at is #Monero, which is why it's being systematically attacked with #delistings and #debanking if not flat-out #criminalization.
- But since you explicitly said "not cryptocureency" that makes it kinda moot.
- Don't even get me started on @signalapp 's #Shitcoin aka. #MobileCoin, which even #TechLiterates like @techlore were unable to buy despite trying...

Again: Good luck finding something, because the #US will basically criminalize anything even remotely competing to their " #Quadropoly " of #AMEX, #Visa, #MasterCard & PayPal!

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Parade du Grotesque 💀

@kkarhan

I am not that negative. I think European systems will take off... Eventually... And provide a limited independence vs the big US 4. Lessons have been learned, the hard way (see ICC blacklisting, etc).

Privacy respecting European systems will be... But only slightly better than US providers.

But, going back to my original argument: cash is king. It's interesting to note that the country most attached to large euros banknotes is Germany.

@Em0nM4stodon @signalapp @techlore

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Kevin Karhan

1d ago

@ParadeGrotesque @Em0nM4stodon I agree, and #Germany restricting #CashPayments to €5k is not only bad amidst the #Greedflation but also absurd.

Worse is only the abolishment of the €500 Banknote which I think will be more needed than ever amidst #inflation.
- Worst is that the #ECB never introduced €2 and €1 banknotes, so millions if not billions of Euros in Coins are stuck overseas as people can't exchange their tips for local currency.

500 euro note - Wikipedia