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?
Honestly if you want real financial privacy, the best thing to use is {insert cryptocurrency that I’m heavily financially invested in}
There is Privacy.com that gives you virtual cards to use for purchases. Money go from your bank account to them. Destination is visible on payment description still, but it may fool bank’s algorithm. Or you can get paid plan from Privacy.com and mask destination completely.
That is what I need! Unfortunately, it is for US only… Is there, maybe, something similar in European region?
Oh, sorry, I’ve assumed that you are in US since you posted an article about FTC.
I don’t know if there is a similar service in Europe. I think you could get a virtual card linked to a crypto wallet, but this obviously comes with downsides
Best way to hide transactions is with crypto. And namely Monero. Not exactly PayPal like but Monero is the most private.
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.
Besides the other user’s recommendation, have a look at coincards. Haven’t used them yet, but they have gift cards for a lot of things, online and physical brands too.
No it’s not. Crypto is very specifically not that. It’s an open ledger.
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.
Nice try FBI.
