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What use case is there for this where it's better than bitcoin?

This is just a local payment system, that's existed for centuries as scrip. ("On a computer" doesn't change the nature of it.)

Centralization undermines the purpose of bitcoin.

> What use case is there for this where it's better than bitcoin?

Any situation where you want to purchase legal goods or services? Or hold some money temporarily in a low-volatility cash-like form?

It's backed by a nation-state that has carrier groups?