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Why Cash Is Not as Anonymous as We Like to Think

Summary by Capital.de
German people love cash – and are skeptical about data collection. However, bank notes are also monitored more and more frequently. Data protectionists warn already of the consequencesMany people in Germany prefer to pay with cash – whether out of habit, out of need or "because you see what you have." However, it also plays a role for many that digital payments, such as EC cards, leave a trace of data. However, even banknotes are not as anonymou…
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German people love cash – and are skeptical about data collection. However, bank notes are also monitored more and more frequently. Data protectionists warn already of the consequencesMany people in Germany prefer to pay with cash – whether out of habit, out of need or "because you see what you have." However, it also plays a role for many that digital payments, such as EC cards, leave a trace of data. However, even banknotes are not as anonymou…

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Capital.de broke the news in on Saturday, July 12, 2025.
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