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Credit Card Surveillance

links: AC2 TOC GNU Taler - Index


Issues with Credit Cards

  • When you pay by CC, the information includes your name
  • When you pay in person with CC, your location is also known
  • You often have no alternative payment methods available
  • You hardly ever can use someone else’s CC
  • Anonymous prepaid cards are difficult to get and expensive
  • Payment information is typically stored for at least 6 years

3D secure

A nightmare. (Complicated, no privacy, customer is liable, exclusion of vendors)

Issues with Banks

  • Global tech companies push oligopolies
  • Privacy and federated finance are at risk
  • Economic sovereignty is in danger

Examples

  • Bank of International Settlements (CBDC - Central Bank Digital Currency without privacy)
  • Emergency Act Canada (Freeze bank accounts)

links: AC2 TOC GNU Taler - Index