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Yes, UPI works. But it's a terrible system for privacy and autonomy. It has so many intermediaries, requires phone number and linked to person's identity. It sh
by drewfax 3mo ago
Yes, UPI works. But it's a terrible system for privacy and autonomy. It has so many intermediaries, requires phone number and linked to person's identity. It should not be called a peer-to-peer payment system in anyway. It is controlled by the government rather than Visa or Mastercard. That's the only the difference.
- deleted 3mo ago[deleted]
- stAInley 3mo agoSure, but visa and mastercard share their transactions with the US government (among others). "Hot Watch": where the US gov gets real time surveillance on a target. Bank Secrecy Act: where private networks and their issuing banks are legally mandated to act as unpaid deputies for the state. At least with UPI you're sharing with less governments?
- thedelanyo 3mo agoMoney after all is controlled by the government anyway.