Who is the debitor in this scenario? In other words, who sends me 1000 EUR via SEPA when I cash in my 1000 virtual Euro tokens?
Seems to me like, when it comes to credit, Chaumian cash makes much more sense, since you depend on a central party anyway. The only weakness of Chaumian cash is the central party, but with redeemable tokens you depend on a central party in the first place, since someone needs to redeem the tokens in question.
Seems to me like, when it comes to credit, Chaumian cash makes much more sense, since you depend on a central party anyway. The only weakness of Chaumian cash is the central party, but with redeemable tokens you depend on a central party in the first place, since someone needs to redeem the tokens in question.