Ripple Alternatives, Similar

Fluctuation is a monetary system that brings simple obligations as well as useful for making payments between friends as normal money.

Normally, if your friend Alice lends you $ 10, she will have to pay you back before you can use it. However, if you are creative, you can give it to someone who knows and trusts Alice in exchange for something you want. For example, instead of getting to know Alice, you can get a book from Bob, who also knows Alice.

Now he owes Bob $ 10. Instead of money, you used Alice’s IOU to pay Bob. Alice acts as an intermediary between you and Bob.
The surge does the same thing, it just takes your mind one step forward. What if you want to get a haircut from Carol, who doesn’t know Alice? Your $ 10 IOU you get from Alice doesn’t work because Carol doesn’t mean anything to Carol where Alice owes her money.

However, let’s assume that Bob, who knows Alice, has a way of finding out that he knows Carol. You can talk to Bob and arrange for Alice to get her IOU for $ 10 to give Carol her IOU. Even because Bob owes him exactly what he owes Carol, Bob’s on the deal. Both Alice and Bob act as intermediaries between you and Carol.

And that’s how Ripple works. By creating a profile on the system, contacting your email address and giving credit limits, you tell them how you know them and how much you trust them. Then when you want to pay another Ripple user using only friendly obligations, the system finds a chain of agents that connects you to the person you want to pay and records the payment along the chain to each vehicle’s account. You are debiting one of your “neighbors” in the system and one of the neighbors of the payment recipient has debts.