The advantages of private payments are mainly reflected in the following aspects:
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Protection of Personal Privacy: Private payments hide both parties' identities and transaction details, preventing third-party platforms (such as banks, payment platforms, hackers, etc.) from accessing personal information, thereby reducing the risk of data leakage and ensuring personal information security.
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Prevention of Malicious Monitoring or Tracking: Traditional payment methods may be monitored or tracked by financial institutions, advertisers, etc. Private payments, facilitated through decentralized or anonymous technologies, circumvent such surveillance, thereby protecting users from unnecessary scrutiny.
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Enhanced Security: Private payments typically use encryption technologies that reduce the risk of transaction data being tampered with or stolen.
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Increased Financial Freedom: Users can freely transfer assets without worrying that the transparency of their transactions will be exploited improperly.