The toy version of this is like buying a hardware wallet with the Bitcoin in escrow. The eventual flow is more like an ATM. There one kind of already "buys" cash in the form of a service charge (often refunded by one's own bank). Cash is the most common form of peer to peer payment. Bitcoin is the best form of peer to peer money. This combines the two.
It allows for instant, anonymous settlement in regions with poor connectivity (El Salvador, Ukraine.) Lower barrier to entry for very old and very young users. Skips the complicated process of onboarding people into learning about key management - everyone already knows how to keep cash secure. Getting self-custody of Bitcoin is important but usability has always been a challenge. This attempts to solve for some of those problems, particularly in cash economies where Bitcoin adoption as a medium exchange is more popular.
Basically let's get everybody using self-custodial, multi-sig hardware wallets with really, really good privacy properties but make them not intimidating by presenting them in a skeuomorphic cash form.
I love the idea behind this! Having said that, it will take a lot to convince experienced users to trust these over on-chain transactions. The info on your website is pretty sparse - there's not nearly enough info there to work out the security properties of these notes. I'm piecing together how it works from your various comments here, but you really want to have all that info in one place. I'm sure you know this already and I'm sure you're working on the website behind the scenes, and I look forward to reading when it's done!
What's your business model? Do you plan to recoup costs by selling the physical notes, or is there some other plan?
The toy version of this is like buying a hardware wallet with the Bitcoin in escrow. The eventual flow is more like an ATM. There one kind of already "buys" cash in the form of a service charge (often refunded by one's own bank). Cash is the most common form of peer to peer payment. Bitcoin is the best form of peer to peer money. This combines the two.
It allows for instant, anonymous settlement in regions with poor connectivity (El Salvador, Ukraine.) Lower barrier to entry for very old and very young users. Skips the complicated process of onboarding people into learning about key management - everyone already knows how to keep cash secure. Getting self-custody of Bitcoin is important but usability has always been a challenge. This attempts to solve for some of those problems, particularly in cash economies where Bitcoin adoption as a medium exchange is more popular.
Basically let's get everybody using self-custodial, multi-sig hardware wallets with really, really good privacy properties but make them not intimidating by presenting them in a skeuomorphic cash form.