Ripple, The Clearinghouse

Here is an interesting currency clearing mechanism, which is widely praised, but..

This mechanism of making payments through a network of trusted associates is named 'rippling'. It is a digital version of the age-old hawala system^[20] and has been referred to as 'Facebook for money'.^{[citation needed]}

Well, no, for in hawala money is moved, not a medium 20% owned by the movers.  This is nothing like the hawala, but a digital hawala might be a good idea.

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