Source string Read only

Suggested in Weblate: Taler und Vorschriften
20/200
Context English State
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
General Data Protection Regulation (GDPR)

Loading…

User avatar None

New source string

GNU Taler / Main web siteEnglish

New source string a year ago
Browse all component changes

Glossary

English English
No related strings found in the glossary.

Source information

Source string comment
Suggested in Weblate: Taler und Vorschriften
Flags
read-only
Source string location
template/governments.html.j2:117
String age
a year ago
Source string age
a year ago
Translation file
locale/messages.pot, string 162