I’d bet you can guess why

  • mox@lemmy.sdf.org
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    13 hours ago

    There is no privacy-focused PayPal alternative in the US, in part because US money transfer laws and policies (e.g. Know Your Customer) run directly counter to privacy.

    However, there are a couple of projects in development that might eventually lead to something less bad for privacy than PayPal is:

    GNU Taler, if they ever get any exchanges and they figure out how to mitigate the high cost of wire transfers for small payments.

    FedNow, if banks use it to build person-to-person payment services instead of just using it for themselves and their business customers.