The Apple Card has limitations in the area of privacy that can likely only be solved with something like bitcoin
and others over the years may have reservations about trusting Goldman Sachs.
And even if users want to trust Goldman Sachs with the data, that doesn’t mean they’ll never be hacked.Of course, it would be technically possible to create a system where Goldman Sachs has no access to Apple Card user data. The technology for centralized forms of anonymous digital cash has existedFor example, past gold-backed digital currencies that collected basically no information from their users have been shut down by law enforcement multiple times .
In other words, it’s effectively impossible to gain true financial privacy on the internet without the use of a system like Bitcoin. There are some other workarounds, such as purchasing a gift card with cash at a local store, but those tends to come with issues such as spending limits and poor usability.
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