Advantages for Citizens

Taler largely functions like digital cash. You withdraw money from your bank account into your electronic wallet, and can henceforth spend digital cash. The electronic wallet can carry multiple currencies.


Taler uses modern cryptography, ensuring that there is no counterfeit. Your digital wallet is safer than your physical wallet. At most, you can lose its contents because your computer or mobile is irreparably damaged or compromised. Unlike a physical wallet, you can make backups to secure against data loss.


Your transactions are private, neither the exchange nor merchant needs to learn your identity. There is no need to give out credit card numbers or other sensitive information. The merchant will only be able to do exactly the transaction you agreed to.


You will be able to withdraw money to replenish the digital coins in your wallet using your credit card or wire transfers. Afterwards you can pay with one-click using the Taler wallet, which optionally keeps your transaction history on your computer.


Coins in your digital wallet will be of the same denomination as the cash in your physical wallet. Taler is not a crypto-currency, so you do not have to worry about cryto-currency related value fluctuations. Banking with Taler is subject to the usual government protections for finanical services.

Taler as seen by customers

Customers interact with the Taler system mostly using a free wallet implementation, which may be an extension or plugin to their browser or a custom application on their computer(s). Typical steps performed by customers are:

customer perspective
  1. The customer selects an exchange (i.e. by visiting the respective website or selecting from a list of exchanges in the application) and asks the wallet to create bank transfer instructions to withdraw a certain amount of electronic cash. The bank transfer instructions will contain an access code that must be included in the subject of the transaction, as well as the wire details for the exchange (i.e. a SEPA account number).
  2. The customer then instructs his bank to transfer funds from his account to the Taler exchange using these instructions provided by the wallet (top left).
  3. Once the funds have arrived, the wallet will automatically withdraw the electronic coins. The customer can use the wallet to review his remaining balance at any time. He can also make backups to secure his digital coins against hardware failures.
  4. When visiting a merchant that supports Taler, an additional payment option for Taler is enabled in the checkout system. If the customer selects payments via Taler, the wallet displays the secured contract from the merchant and asks for confirmation. Taler does not require the customer to provide any identity information to the merchant. Transaction histories and digitally signed contracts can be preserved in the wallet for future review by the customer, or even use in court.