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Why French and Dutch ATMs quit dispensing banknotes bigger than €50 (slrpnk.net)

submitted 3 weeks ago by activistPnk@slrpnk.net to c/France

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cross-posted from: https://slrpnk.net/post/40908017

Banknote serial numbers are being tracked from ATMs as an unwarranted mass surveillance scheme, which bypasses the GDPR.

At the same time, Dutch and French ATMs have unilaterally nationwide quit dispensing banknotes larger than €50. I’ve heard lots of unconvincing reasons for forced-small denominations. Does anyone have a more convincing theory than the fact that each banknote is a tracking opportunity?

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[–] pulsewidth@lemmy.world 4 points 3 weeks ago* (last edited 3 weeks ago)

The only point of banknotes is to buy (or sell) things you don't want a paper trail for, or personal freedom of privacy. There is little privacy in using tap-to-pay via Visa/MC/etc, a near-permanent payment trail.

Just because you personally use debit cards doesn't mean that 'nobody really cares' that there is an illegal GDPR-violating secret government program to track banknotes.