this post was submitted on 25 May 2025
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GNU Taler (a swiss FLOSS alternative to Visa, Mastercard and Paypal) begins operating in Switzerland as Version 1.0 releases (news.itsfoss.com)
submitted 2 days ago by TheTwelveYearOld@lemmy.world to c/linux@lemmy.ml
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GNU Taler begins operating in Switzerland, distributed by the Taler Operations AG. Gnu Taler aims to be a “digital wallet” and has been used by the swiss national bank as well as the european national bank as a example for how a digital currency handed out by the state could work. It aims to be as privacy preserving as cash for the buyer while not allowing the seller to evade taxes.

Currently the Taler is brought out by a special organisation, the “Taler Operations AG”, and not the national bank, although both the national bank as well as the Taler Team have shown interest in a official digial currency by the national bank based on the Taler. But we need to relativate as the national council has stated that the introduction of a digital currency would probably take relatively major legislative changes and therefore take a bit of time.

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[–] malank@lemm.ee 2 points 1 day ago

How would one acquire tokens anonymously but in a way that you can verify that you acquired genuine tokens, and what keeps those tokens from being given to multiple people? This is really where the privacy aspects fall down. It’s a hard problem to solve in Bitcoin, but at least you can have Bitcoin ATMs that you can verify that you received the funds.

A Taler ATM it seems could issue invalid tokens or issue the same tokens to every client and there would be no way to know until you tried to spend it or deposit it in your account (thus defeating the anonymity).