3. Person ÅgAÅh asks the bank to issue digital cash
The bank issues digital cash and reduces the account by that amount
ÅgAÅh sends it to person ÅgBÅh
ÅgBÅh asks the bank for payment
After confirming that the digital cash is not double- spent, the bank increases ÅgBÅfsÅh account by that amount
Note that the bank cannot know who sent that digital cash to person ÅgB Åg
Security X Peer-to-peer X
Low fees X Untraceability X
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