• Adler180@lemmy.world
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    2 months ago

    That’s a great question if also been wondering for some time now. Obviously I can pay in cash, and only in XMR, no problems there. But when my cash runs out, how do I get the cash out of my bank account privately? I can’t go to an ATM with XMR or Google/Apple pay. Also then they know information I don’t want them to have. If I use my bank card the bank still knows where I am and how much cash I spent in a specific time frame. Anyone hast ideas on how to withdraw cash private?

  • Caveman@lemmy.world
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    2 months ago

    As a sidenote here I have a different issue where handing people your CC info is basically handing out the private keys to your bank account to a third party.

    I’d really like it if a credit card would use a public key system where you can verify that I have the funds and that the payment originates from the payment provider instead of getting my full CC details. I don’t really see why it’s necessary for a business to know who I am instead of just getting a green light from Mastercard or Visa to make the payment.

    • chiliedogg@lemmy.world
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      2 months ago

      Aren’t cellphone NFC payment essentially a long-form version of this? As far as the machine is concerned they’re getting your CC info, but Google/Samsung/Apple Pay are acting as a middleman and your actual credit card information is never actually shared.

      • Caveman@lemmy.world
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        2 months ago

        Yeah, it has it’s perks but my NFC stops working on a regular basis. Also I don’t like having my payments go through a spyware conglomerate.

    • wuphysics87@lemmy.mlOP
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      2 months ago

      This is my biggest issue too. In the ideal situation, I “trust” my bank. What I have an issue with is whenever I buy something it becomes part of the “public space” of data brokers. Maybe they only trade information on what my breakfast cereal of choice is. More (most definitely) likely is that everything I buy is there for any third party to see