They are the same today.
At this moment many countries use a flexible plastic format for cash, and it is reasonably counterfeit proof. Swift card takes that same approach with the smart card, using more inflexible plastic, for sure.
And we laminate a secure chip and battery into it to manage digitally the denominations, so to speak. Security against counterfeit is easier with the double layer of plastic, biometrics and secure processor. And once we have secure intelligence we can have no double spending. This is fact, the industry is ready, no one is dodging the issue. The limits the central bank wants on cash are just that, numerical limits. Give us the number and it is enforced.
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