Sure, but that's scalability through lots of sidechains. I think that "scalability because there's no blockchain" is not as clear.

An individual fedimint isn't intended to be hugely scalable, it's intended to be used by a community. What is scalable is that we could have a lot of interoperable fedimints via special invoices that could resolve to a fedi, lightning, or on-chain payment between fedimints.

SHORT_TSLA

bitcoin

Fedimint Development Update

k00b

> Fedimint, on the other hand, does not have a blockchain.

I believe that is misleading. Even the HoneyBadger paper calls it a blockchain.

> Instead, users receive so-called e-cash tokens, small pieces of data that represent the funds deposited into the federation’s multisig wallet.

The Treasury would love that so much. 

> The upside of this technology is that it provides more privacy by default and is more scalable since there is no blockchain to verify.

Again, yes there is a blockchain but the validators keep it to themselves. So it's not more scalable, in fact the current limit is 15 validators I believe.