Taxable Anonymous Libre Electronic Reserves

TALER will roll out a new electronic payment system that benefits European citizens,

merchants, and banks.

GNU Taler is a privacy-preserving digital payment system developed by

the GNU community and Taler Systems SA with additional funding from

various NGI calls (NGI0 PET, NGI0 Entrust, NGI POINTER, NGI TRUST).

GNU Taler offers privacy for the buyer while enforcing

transparency on sellers. As a result, citizens do not suffer from

surveillance when paying with GNU Taler, and States can

ensure that businesses can be held accountable for their

income and pay their taxes.

The first vertical addressed by TALER is the financial industry.

TALER will bring GNU Taler to TRL 9 by making GNU TALER available as payment

system via retail banks (via GLS and MAGNET Bank).

TALER counts three verticals for its go-to-market strategy. The first is the

publishing sector: independent book publishers and journalists

will integrate the sector with GNU Taler as a viable payment system. The e-health sector

will implement GNU Taler as payment option for e-Health providers to guarantee

privacy of the payer. Finally, the FLOSS ICT supply chain vertical will integrate

GNU Taler in the FLOSS development ecosystem for donations and pledges.

We expect TALER to have several long lasting impacts:

By providing micro payments at very low overhead GNU Taler permits

Internet business models to shift away from

advertising revenue or subscription models, especially for online

publishers,

The no-risk transactions will lower transaction fees and open online payments

for the underbanked population and citizens marginalized from digitalisation.

Finally,

easy to use, efficient and privacy-respecting commercial payments will

likely impact the debate on central bank digital currencies (CBDCs)

such as the Digital Euro, as central banks globally struggle to

present a compelling use-case for their retail CBDC projects.