Comment by nyc640
13 hours ago
Visa and Mastercard don't, but right now cash more or less does. If the state has a monopoly on digital payments, and can thus mass surveil all digital payments without any scrutiny, the state has a huge incentive to disincentivize or bar the use of cash. Then all it takes is a bad actor to come into power and abuse the system.
No more so than with visa or mastercard, who already hand over data whenever, and hand it over to a foreign government on demand too.
This fear of government services is toxic americanism.
No, the previous commenter is absolutely correct that cash transactions offer decentralization and anonymity far greater than Visa or MasterCard.