I'd love to see an ecash mint as fiat cash money warehouse.
The ecash token is redeemable in person for fiat cash.
The mint operator does not need access to fiat banking.
Discussion
But they do need a mattress for all that cash
Could always be rugged by the mint operator or the operator could get thrown in US prison for operating an unlicensed money laundering service with US dollars or serving sanctioned entities.
Fiat ecash is an okay idea if it weren't for the state 😆.
More bullish on some sort of stable sat. You would find plenty of places to redeem for physical fiat and be unruggable if you hold it in self-custody.
An alternative is a fedimint with multiple warehouse operators of a subset of the holdings, this way if one warehouse is compromised not all funds are lost.
👍 Lebanon would be a good test lab for something like that. Cash economy with a sizeable informal sector and basically no banking.