#CashlessPayments

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Kevin Karhan :verified:<a href="https://infosec.exchange/@katrinakatrinka" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@katrinakatrinka</a> <a href="https://universeodon.com/@digyoursoul" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@digyoursoul</a> <a href="https://hachyderm.io/@molly0xfff" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@molly0xfff</a> OFC, it has all the drawbacks of "self-custody cash, but digital"...<ul><li>But there are also "<a href="https://infosec.space/tags/ColdWallets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ColdWallets</a>" aka. "<a href="https://infosec.space/tags/PaperWallets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PaperWallets</a>" to mitigate some risks.</li></ul>I just see <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Monero</a> as a better alternstive to an <a href="https://infosec.space/tags/AMEX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AMEX</a>, <a href="https://infosec.space/tags/VISA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#VISA</a>, <a href="https://infosec.space/tags/MasterCard" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MasterCard</a> or <a href="https://infosec.space/tags/PayPal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PayPal</a>!And unlike Other <a href="https://infosec.space/tags/Cryptocurrencies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Cryptocurrencies</a> it's free of <a href="https://infosec.space/tags/SmartContracts" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SmartContracts</a> and <a href="https://infosec.space/tags/NFTs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NFTs</a> so not on the perpetual tire fire that is <a href="https://indieweb.social/@web3isgreat" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@web3isgreat</a> ...<ul><li>Not gonna claim it's better than <a href="https://infosec.space/tags/Euro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Euro</a> banknotes, but unless you have a bank account in <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SEPA</a> where you can use <a href="https://infosec.space/tags/wero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wero</a>, it's the fastest way to do <a href="https://infosec.space/tags/CashlessPayments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CashlessPayments</a> remotely/online...</li></ul>

Kevin Karhan :verified:<a href="https://infosec.exchange/@bojkotiMalbona" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@bojkotiMalbona</a> <a href="https://troet.cafe/@energisch_" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@energisch_</a> <a href="https://berlin.social/@mina" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@mina</a> <a href="https://mstdn.social/@Nickiquote" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@Nickiquote</a> If it was my decision, <a href="https://infosec.space/tags/Germany" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Germany</a> would not have signed up on <a href="https://infosec.space/tags/FATCA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FATCA</a> bs.<ul><li>Sadly I'm not in position to <a href="https://infosec.space/tags/RepealFATCA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#RepealFATCA</a> and restore <a href="https://infosec.space/tags/privacy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#privacy</a> as well as outlaw <a href="https://infosec.space/tags/discrimination" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#discrimination</a>. </li></ul>That being said I've not found any <a href="https://infosec.space/tags/Bank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Bank</a> in Germany that rejects <a href="https://infosec.space/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#US</a> <a href="https://infosec.space/tags/citizens" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#citizens</a> (as basically everyone who is a resident regardless of legal status (i.e. seeking asylum, on tourist visa, permanent resident) or even legal address (i.e. even homeless people can get a bank account) as clients per-se since <a href="https://infosec.space/tags/Banking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Banking</a> is regulated as a <a href="https://infosec.space/tags/utility" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#utility</a> and every <a href="https://infosec.space/tags/ConsumerBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ConsumerBank</a> must offer "basic accounts".<ul><li>The only problem may be that almost all will <a href="https://infosec.space/tags/KYC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#KYC</a> their clients in person and with <a href="https://infosec.space/tags/cooperative" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cooperative</a>-owned <a href="https://infosec.space/tags/CreditUnions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CreditUnions</a> they'll OFC demand a minimum buy-in of shares (usually around €50-100).</li></ul>Granted a <a href="https://infosec.space/tags/BankAccount" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BankAccount</a> in Germany is kinda essential and without it one can neither get paid (all employers will wire money using <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SEPA</a>, paying wages in <a href="https://infosec.space/tags/cash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#cash</a> isn't even legal in most cases) nor can one make rent, pay utilities and insurance bills (even the most slimy landlords don't want cash!)...<ul><li>Same goes for <a href="https://infosec.space/tags/CashlessPayments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CashlessPayments</a>: <a href="https://infosec.space/tags/girocard" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#girocard</a> is the standard supported by every <a href="https://infosec.space/tags/BankingCard" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BankingCard</a>, as <a href="https://infosec.space/tags/CreditCards" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CreditCards</a> are virtually nonexistant (outside of very rich peoples' pockets and business peoples' / freelancers' wallets) due to high fees and banks being extremely stingy to even approve a credit card that isn't a <a href="https://infosec.space/tags/prepaid" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#prepaid</a> one at all...</li></ul>

Kevin Karhan :verified:<a href="https://mas.to/@carnage4life" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@carnage4life</a> Considering <a href="https://infosec.space/tags/Tether" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Tether</a> is a centralized setup with literal <a href="https://infosec.space/tags/SmartContract" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SmartContract</a> that give the company behind it the option to ban/freeze and empty <a href="https://infosec.space/tags/wallets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wallets</a> to "comply with <a href="https://infosec.space/tags/sanctions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#sanctions</a>" it merely undercuts shitty <a href="https://infosec.space/tags/MoneyRemittance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MoneyRemittance</a> services like <a href="https://infosec.space/tags/WesternUnion" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WesternUnion</a> that charge absurdly high fees.<ul><li>Personally, I bet <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Monero</a> will long-term become the global standard for <a href="https://infosec.space/tags/MoneyTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MoneyTransfer</a> and <a href="https://infosec.space/tags/CashlessPayments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CashlessPayments</a>! </li></ul>But don't take my word on it cuz this is <a href="https://infosec.space/tags/NotFinancialAdvice" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NotFinancialAdvice</a>...

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