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submitted 6 months ago* (last edited 6 months ago) by BautAufWasEuchAufbaut@lemmy.blahaj.zone to c/technology@beehaw.org

Cryptocurrencies are often understood to enable private payments, but most don't. Monero does, but its value still fluctuates and wastes energy (even if far less than Bitcoin) in time of the climate catastrophe.
GNU Taler is a (free software) system which enables anonymity for the buyer but not for the merchant, enabling taxability. In effect it's digital cash you can even use offline without having an internet connection at payment time. It is not a new (crypto-) currency.
The linked news article reveals an EU project which will implement GNU Taler for two European banks (located in Germany and Hungary) in the next 36 months. I assume the reason the EU supports Taler is the Digital Euro (archive.org snapshot).

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And yes, money sucks in general but in the present time under present conditions I might have to shop online. Current payment methods suck.

this post was submitted on 21 Feb 2024
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