Not exactly. Its more like another version of lightning where you trust the mint operators vs LN node runners.

Worth noting is that e-cash built on bitcoin has the benefit that they can't make more bitcoin, but the operators of the mint could make more ecash.

If you want a bitcoin gift card (for whatever reason) you'd want a Sats Card or OpenDime from nostr:nprofile1qqs9v9et20mnqagtgrnrc5qmzcrgmkt2y3087p23vawqlmyczlhfdcqprdmhxue69uhkvet9v3ejumn0wd68ytnzv9hxgtmsd93hxqg7waehxw309ahx7um5wgh8xetvvckkget5v4ex66twv4jzuer9c822gk for a FOSS and private option or a bitcoin giftcard from Fold for an easier KYC option.