I tried reading the website, but Im not really sure I get it. What it’s supoosed to be? A way how to make FIAT payments thats open-sourced and private (so you dont have to pay stupid fees to banks), and it integrates into the current banking system, or is it some kind of digital currency that’s not blockchain based?
If it’s the former - isnt any kind of payment without KYC almost impossible, since its heavily regulated? So, you can’t really have private payments in environment where there’s stupid amount of laws about how much you can actually pay without it being identifiable, for example the super small monthly limit on anonymous prepaid debit cards?
It’s not a currency - just a new payment system, but I don’t know how it works exactly. In order to make payments with it, your bank has to support it. Some banks are working on integrating it now. It’s supposed to be anonymous and the transaction history is supposed to be private. Currently only cryptocurrency has such features, but it looks like Taler will change that.
Can I send money to my friends with Taler?
Taler supports push and pull payments between wallets (also known as peer-to-peer payments). While the payment appears to be directly between wallets, technically the operation is intermediated by the payment service provider which will typically be legally required to identify the recipient of the funds before allowing the transaction to complete.
Your bank already knows who you are, but with Taler you will be able to make payments using libre software and the bank won’t be able to track them. I guess if you send money to a friend, their bank will know they received the transaction, but won’t know who it was from. At least that’s my understanding.
I played around with GNU Taler a while back. The payer is anonymous but verifiable (so I can’t pay with the same €3 ten times to ten people) but the recipient is known and the payment connected with the recipient, to satisfy avoiding tax evasion and fraud.
It still anticipates merchants taking some fee, but that fee should be able to be much less, as it doesn’t depend on Blockchain (requiring so much work) but is a suitable cryptographic algorithm so 3rd party merchants can compete.
I tried reading the website, but Im not really sure I get it. What it’s supoosed to be? A way how to make FIAT payments thats open-sourced and private (so you dont have to pay stupid fees to banks), and it integrates into the current banking system, or is it some kind of digital currency that’s not blockchain based?
If it’s the former - isnt any kind of payment without KYC almost impossible, since its heavily regulated? So, you can’t really have private payments in environment where there’s stupid amount of laws about how much you can actually pay without it being identifiable, for example the super small monthly limit on anonymous prepaid debit cards?
It’s not a currency - just a new payment system, but I don’t know how it works exactly. In order to make payments with it, your bank has to support it. Some banks are working on integrating it now. It’s supposed to be anonymous and the transaction history is supposed to be private. Currently only cryptocurrency has such features, but it looks like Taler will change that.
Oh, I see. Oh well.
Your bank already knows who you are, but with Taler you will be able to make payments using libre software and the bank won’t be able to track them. I guess if you send money to a friend, their bank will know they received the transaction, but won’t know who it was from. At least that’s my understanding.
I played around with GNU Taler a while back. The payer is anonymous but verifiable (so I can’t pay with the same €3 ten times to ten people) but the recipient is known and the payment connected with the recipient, to satisfy avoiding tax evasion and fraud.
It still anticipates merchants taking some fee, but that fee should be able to be much less, as it doesn’t depend on Blockchain (requiring so much work) but is a suitable cryptographic algorithm so 3rd party merchants can compete.