For most of written history, transactions have been private and fairly anonymous. The information of a transaction was only disclosed to the sender and the recipient. Recently, the large majority of financial transactions have become facilitated by technology, making it increasingly difficult to maintain financial privacy. The most common methods of payment (e.g. credit/debit card, ApplePay, etc.) result in all the information of a transaction being stored digitally. While there are immense benefits that come with these transaction methodologies, it should not preclude the utility of financial privacy for the average consumer. Considering how often breaches occur within large financial institutions resulting in significant leaks of personal and financial information, it is clear there is a need for financial privacy options.1,2 Furthermore, various financial institutions have been caught selling customer data,3 as well as blocking legal transactions with no valid legal basis.4
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