Anonymous wallet

Some people do not like digital payment because they are afraid that the government can trace their spending.

I do not understand this concern. Here are my reasons:
1. If the spending is legal, there is no need to fear that the government can track the spending.
2. There are several hundred of million people spending every day in a large country. The government does not have the reasons to track the spending.

The consumer may be afraid of being tracked, if they are spending the money for illegal purposes, such as money laundering, financing of terrorism, paying bribes, buying of prohibited goods.

These are not ordinary transactions.

Perhaps some people want to keep their payments confidential for some special reasons, and these payments are not illegal.

For these cases, the customer can use an anonymous e-wallet. This is a e-wallet that is not linked to a bank account, or a mobile phone or other forms of identifying the owner.

The customer can top up the anonymous e-wallet at a kiosk or retail outlet that provides the top up service. They can also transfer money into the e-wallet by a bank transfer.

The e-wallet can be used to make digital payments, without disclosing the identity of the payer. The e-wallet can be transferred to any person.

Apart from its use to make anonymous payments, the anonymous e-wallet can be issued to children or older people who do not have a bank account.

To prevent illegal payments, there is a cap on the daily limit that can be paid out of an anonymous e-wallet, e.g. $500 or less.

I believe that this will provide an avenue for making confidential legal payments. It should dispel the concern that digital payments can be tracked by the government.

Tan Kin Lian
https://tklcloud.com/Feedback/feedback2.aspx?id=5570