60sec snip

NBTV: Your Money, Your Data, Your Life cover image

How To Make Private Transactions, & Why It's Crucial

NBTV: Your Money, Your Data, Your Life

NOTE

Cryptocurrencies and Financial Privacy

When using traditional bank cards, numerous entities have access to your financial data, including the bank, card network, merchant, payment processor, point of sale systems, retailer's bank, and various wallets and financial apps. This data is eventually sold to thousands of entities, including one's bank, legally. Consequently, individuals' financial activities are bundled into profiles and sold online. Despite this pervasive data sharing, many individuals remain unaware or indifferent, often declaring they have 'nothing to hide' as a show of moral righteousness. However, the reality is that financial surveillance is rampant.

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