These bitcoin banknotes were sold by Tangem company and are rather called“smart-banknotes”. They are not really made of paper; they are hardware storage units with a S3D350A chip manufactured by Samsung. What they have in common with banknotes is that they represent one set value and can be physically given as payment at an outlet. In essence, these notes are self-contained wallets with their own private key. Tangem refers to them as “uncopiable cold wallet[s]”.
According to a Tangem, the chip technology is tamper-proof, addressing “all known attack vectors on hardware and software levels.” It says that years of chip development via credit cards, SIM cards, and ID cards have led to a product secure enough that “cost of hacking a single banknote [is] uneconomical”.
The notes have an advantage over online transactions because payment is instant and does not incur a fee. The disadvantages to be fixed are security, distance, and convenience.
Banknotes are available for purchase now in denominations of 0.01 and 0.05 BTC
I think Bitcoin bank notes are just as much of a scam as the Federal Reserve note. Anything in paper is easily manipulated. Especially if it is controlled by a bank.