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There is no middle man facilitating ripple. (Well, ideally. RipplePay was centralized. But it didn’t need to be.) Also, hawala is legal in most jurisdictions I

• hardwaresofton 6y ago
  Thanks, I think this might be the big differentiator -- the existence of middlemen is probably the large difference here, but it feels like at some point you're definitely going to need someone to keep track of value across IOUs somehow and at the very least who is trust worthy.
  • garmaine 6y ago
    Well to be accurate there are middlemen in most ripple transactions, but not a middleman of the traditional sense. They're not pure facilitators, but rather active participants in the transaction. I'm not a lawyer, but I understand that by some interpretations this makes a difference in the regulation.