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by runeks 3338 days ago
Who is the debitor in this scenario? In other words, who sends me 1000 EUR via SEPA when I cash in my 1000 virtual Euro tokens?

Seems to me like, when it comes to credit, Chaumian cash makes much more sense, since you depend on a central party anyway. The only weakness of Chaumian cash is the central party, but with redeemable tokens you depend on a central party in the first place, since someone needs to redeem the tokens in question.