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40 sats \ 1 reply \ @Undisciplined 23 Jan 2024 \ parent \ on: Fedimint and Cashu ecash are gift cards ecash

Sure, but who's the analogue of the store, then?

Is it more like a Visa gift card? People probably think of that more as Visa having custody of your money.

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393 sats \ 0 replies \ @Scoresby OP 23 Jan 2024

I think the mint is the analogue store.

There is a lot of language in the gift card laws about the card only being redeemed at the company it came from. This is true of fedimints and Cashu mints I think even in the case where you are interacting with a LN gateway or another mint. The gateway and mint both have to "redeem" the ecash at the original mint. So that's another similarity.

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