It’s likely an alternative to blik or internal revolut/n26/cashapp transfers. And in that regard it’s an improvement because of its openness. But privacy is not one of the reasons to use it.

The expiration date on the money and p2p fund transfers requiring an intermediary and an ID.

Now go read the FAQ and reconsider posting that in a Privacy community.

https://github.com/m2049r/xmrwallet/issues/974

When was the last time you tried to access a Google account from another device in a new location? They won’t let you in, you’ll be in a maze of fake “wrong password” errors, recovery emails that never arrive because they have nevet been sent and whatever they came up with this year.