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Privacy preserving electronic transfers of some sort would be amazing (not Bitcoin, I mean in native currency and via my bank). I'm not really sure what that wo
by Reelin 7y ago
Privacy preserving electronic transfers of some sort would be amazing (not Bitcoin, I mean in native currency and via my bank). I'm not really sure what that would look like in practice though - neither the bank nor the retailer is likely to want to give up their data streams at this point, and money laundering regulations will result in a strict upper bound on privacy regardless.
- jb775 7y agoI'm assuming there would be costs for the bank once you get into electronic transfers. (or did we just think of the next unicorn payment startup idea??) As a simpler solution, what if banks offered checks that didn't have any identifiable info on them and didn't require a signature, etc. And instead of account/routing number it have a hex value that is decrypted by the bank?