quotingUsers can mint ecash sats, ecash USD, ecash stamps, and more. Users would exchange Lightning Network sats for ecash sats, ecash USD, ecash stamps, etc.
note1qj7…wt9n
Users can mint 10 ecash stamps at the mint with 1 LN sat. These ecash stamps are specialized, and the mint does not allow exchanging back from ecash stamps to LN sats.
For users, using ecash stamps rather than a subscription model can offer better privacy.
The mint only commits to users being able to use these ecash stamps to pay for services at any time, such as relay services.
The risk for users is that the relay service might stop before they use up their ecash stamps.
Users can mint 1000 ecash sats at the mint with 1000 LN sats. They can enjoy more private payments with these 1000 ecash sats, and the transaction fees are very low.
The mint earns a fee from these transactions. The mint commits to exchanging ecash sats back to LN sats on a 1:1 basis when users wish to convert their ecash sats balance back to LN sats.
The risk for users is that the mint may not have enough LN sats to fulfill the redemption, or may refuse to redeem.
Users can mint 7 ecash USD at the mint with 10000 LN sats. They can enjoy more private payments with these 7 ecash USD, and the transaction fees are very low; price stability might also be an advantage for some.
The mint earns a fee from these transactions. The mint commits to exchanging the ecash USD balance back to LN sats at the current market rate when users wish to convert.
The risk for users is that the mint may not have enough LN sats to fulfill the redemption, or may refuse to redeem. note1xuv…va37
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