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.
Payment, and the banking world in general, are not privacy respecting in any way shape or form.
Your banker knows what you do with your money.
The only privacy respecting system of payment is cash. Period.
And I used to run complex IT systems for banks.
@ParadeGrotesque I don't mean anonymous. Anonymity and privacy are different concepts.
Of course, legal names and transaction information are necessary to collect for legal reasons. But, for example, facial prints aren't, copies of official ID by anyone else who isn't a bank aren't either, sharing this information to monetize it with commercial partners is entirely unnecessarily privacy-invasive.
There are many things that can make a payment processing solution more privacy-respectful, without being anonymous. Data minimization, and strict policies on access and sharing are key here.
If that's the case, then there are multiple initiatives in Europe to do that.
Wero and the EU commission digital euro are the two that come to mind.
The goal of both is to have Europe controlled digital transactions and money transfer facilities between banks all over Europe.
You can also take a look at things like GIE "Carte Bleue", which is France credit card system. There are similar systems in other European countries, which are US independent.
Em 
uncomfortably numb
Parade du Grotesque 💀
webhat