• asudox@lemmy.world
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    5 months ago

    It can work in any place, as long as the sender’s and the recipient’s banks support GNU Taler. But it is not as private as monero.

    • EngineerGaming@feddit.nl
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      5 months ago

      Ah. I know that a bank is involved with a recipient, but didn’t know a sender needed one too. But as long as the Taler works between banks that are prohibited to interact too - it would be very useful then!

      • asudox@lemmy.world
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        5 months ago

        Yeah well, it functions kind of like a nornal cryptocurrency wallet. You send those GNU Taler coins to another GNU Taler wallet. These coins can be directly converted to normal currency via the bank.

          • asudox@lemmy.world
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            5 months ago

            Yeah. Technically that should be possible. But why would you do that is the real question. Afaik you won’t be able to use GNU Taler without an existing backend. Your backend would be a bank and why not just withdraw coins from there. I don’t know whether you can self host the backend. There would be no reason to be afraid of the bank knowing where you send the coins to as that is pretty much hidden from the bank. I explained GNU Taler to my best abilities in this comment: https://lemmy.world/comment/10414943

            • EngineerGaming@feddit.nl
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              5 months ago

              Why would I do that? Maybe if my bank doesn’t want to support a private currency like that. Or if they’re a legal gray area like crypto now is, so while it is semi-legal now, might change in the future.