The pure cash layer, as defined with secure element, allows you to honestly pass around tax dollars from your card to any other card.
Just like debit cash, except no need to involve the bank. Or the S&L can put a chunk of your own on even money, and your SE can share currency risk with everyone else, and spend against that deposit, up front with the proper cash advance contract. Your secure element knows the bounds and the contract.
Geeks need only put a format called 'tax money' in the multi-currency structure. If a SE element can generate a tax money token, then it is following the rules.
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