this post was submitted on 02 Sep 2025
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[โ€“] DeathByBigSad@sh.itjust.works 4 points 2 days ago (1 children)

Record of payment is one of the pros of electronic transfers

Can't deny that you receive the money when the other person can pull out receipts.

[โ€“] pulsewidth@lemmy.world 4 points 2 days ago

Banks love it too, because then they can sell your purchase history records to the big data surveillance capitalism companies, they also have a really good idea of who your family and close circle of friends are due to repeat small payments - valuable data for the same data companies.