Source string Read only

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Context English State
Thus, despite offering anonymity for citizens spending digital cash to buy goods and services, Taler also ensures that the state can observe incoming funds. This can be used to ensure businesses engage only in legal activities, and do not evade income tax, sales tax or value-added tax. However, this observational capability does not extend to the immediate personal domain. In particular, monitoring does not cover shared access to funds with trusted friends and family, or synchronizing wallets across multiple devices.
Taler's payments are cryptographically secured. Thus, customers, merchants and the Taler payment service provider (the exchange) can mathematically demonstrate their lawful behavior in court in case of disputes. Financial damages are strictly limited, improving economic security for individuals, merchants, the exchange and the state.
As a payment service provider, the Taler exchange is subject to financial regulation. Financial regulation and regular audits are critical to establish trust. In particular, the Taler design mandates the existence of an independent auditor who checks cryptographic proofs that accumulate at the exchange to ensure that the escrow account is managed honestly. This ensures that the exchange does not threaten the economy due to fraud.
Taler is free software implementing an open protocol standard. Thus, Taler will enable competition and avoid the monopolization of payment systems that threatens global political and financial stability today.
Efficient
Taler has an efficient design. Unlike Blockchain-based payment systems, such as Bitcoin, Taler will not threaten the availability of national electric grids or (significantly) contribute to environmental pollution.
Taler and regulation
Anti money laundering (AML)
With Taler, income is visible and can be tied to the contract signed by both parties.
Know your customer (KYC)
In Taler, payer and payee are known by their bank accounts when withdrawing or depositing coins respectively

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GNU Taler / Main web siteEnglish

New source string a year ago
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Glossary

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Source information

Flags
read-only
Source string location
template/governments.html.j2:101
String age
a year ago
Source string age
a year ago
Translation file
locale/messages.pot, string 161