HOW DOES OPEN TRANSACTIONS COMPARE TO RIPPLE?
Ripple is a great idea from Ryan Fugger. The concept is that users can be socially networked and issue credit to each other. This makes it possible for funds to “flow” through users so that two otherwise unrelated parties, using two otherwise unrelated payment systems, can still send payments to each other, via a “six degrees of separation” through a social network of mutual friends. (Sort of like Hawala.) I believe that Ripple, or something like it, will be built into a future version of the client software for Open Transactions (or something like it.) It’s just obviously on the horizon, as far as I can tell. This will allows users all over to send funds into different payment systems without having to involve a central authority or do a wire transfer. Instead, the transfer will just flow through other users and cut out any “banking system transfer” entirely. With users incorporating such software, it will no longer even be necessary to add “server transfer” features to Open Transacti
