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It seems like banks to me, just under a different name. Isn’t Cashu already an effective L3 solution for offline operations?
Cashu is an L2 that's independent of Lightning. It succeeds primarily on UX (though there seem to be some cracks there as well) and privacy (which seems quite solid). In a way this proposal is an attempt to make a less trusted, more scalable eCash while avoiding some of the pitfalls of FediMint. Though I'm not sure it's incompatible with Cashu-the-protocol either.
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you are a fool if you think that cashu is a L2... is just a gift card.
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