<p>Yes, Ripple is created precisely for such purposes. Both you and your friends need some small balance in ripple first to "activate" your accounts. After that, you need to grant your friend trust for at least the amount he will owe you, and then he needs to send you money. After that, you will see a net positive amount on your account, and they will see a net negative amount.</p>

<p>If you don't trust your friend with the money but you are connected through a web of trust, there is still a possibility of them sending you money. The transaction will appear from them, but your balance will show some other friend owes you money, and in part your borrower will owe them money.</p>

CC BY-SA 3.0
2013-02-26T12:36:55.940Z
I would love to do it, problem is I still don't trust Ripple enough. Has anyone used it for real world purposes / nontrivial amounts yet?
ripper234
CC BY-SA 3.0
2013-02-26T15:00:26.727Z
@ripper234 Well, you don't need to trust ripple too much if you only trust people you trust (it's confusing to talk about it, ain't it?), and just use it as some ledger of how much someone owes you and so forth. If you don't try turning it into a web of trust where your IOUs can shift easily, then you should be fine.
ThePiachu
CC BY-SA 3.0
2013-02-26T15:24:18.127Z
@ripper234: People are using it for real world purposes, but not in non-trivial amounts yet. You could use it for non-trivial amounts now so long as you double-check transactions and are prepared to switch to a backup system should something go wrong with Ripple.
David Schwartz
CC BY-SA 3.0
2013-02-26T16:31:20.793Z
ThePiachu and @DavidSchwartz, I don't want to enter my debts into both Ripple and a backup system, my txs are too complex as it is. So ... I'll wait for it to graduate out of alpha/beta.
ripper234
CC BY-SA 3.0
2014-05-23T15:29:06.473Z
Does "and then he needs to send you money" means sending some "virtual" money in Ripple? And what does happen then? After that, he still owes me the real EUR100, right? And if I use my new Ripple balance of EUR100 to pay soemone else (Charles), he'll owe the real EUR100 to Charles then, will he?
imz -- Ivan Zakharyaschev
CC BY-SA 3.0
2014-05-23T15:30:51.957Z
And a 2nd question: what if I grant the friend trust for EUR100 (which I have lent him), but after that he doesn't "send me this money". Will something go wrong? (In your answer, he does send me the money, after I grant him the trust. So, what if not?)
imz -- Ivan Zakharyaschev
CC BY-SA 3.0
2014-05-23T17:07:13.017Z
@imz--IvanZakharyaschev If he doesn't send you the virtual money in Ripple, then you can't track the debt this way through Ripple. If he does send you the IOUs, you can transfer the debt to other people. As long as your friend agrees that the debt is transferable, he should uphold the debt to anyone who has the IOUs. This is essentially how new money is created.
ThePiachu
CC BY-SA 3.0
2014-05-23T17:13:37.457Z
@ThePiachu Thank you for your answer! Essentially, the debt can be transeferred directly only to those who trust him, too, as far as I can understand. (Otherwise, if they don't trust him, why would they accept this debt as a payment?..) But indirectly by following a chain of trust such a payment can succeed even if the destination doesn't trust him, but trusts someone who trusts him, and so on, OK...
imz -- Ivan Zakharyaschev
CC BY-SA 3.0
2014-05-24T06:17:22.450Z
@imz--IvanZakharyaschev Yes, you can only receive the debt if you trust that person. The payment can also ripple through the system if someone is trading that debt for some other currency or if they enable rippling (which is essentially similar to trading for another currency). But otherwise yeah, your friend's debt becomes money - http://www.moneyasdebt.net/ .
ThePiachu
CC BY-SA 3.0
2014-05-24T06:25:58.887Z
@ThePiachu Thanks! (Funny: the site you linked to--although in English--features a typical Moscow underground carriage on the picture. The real interiors of the carriages: https://ru.wikipedia.org/wiki/81-717/714#.D0.92.D0.BD.D1.83.D1.82.D1.80.D0.B5.D0.BD.D0.BD.D1.8F.D1.8F_.D0.BF.D0.BB.D0.B0.D0.BD.D0.B8.D1.80.D0.BE.D0.B2.D0.BA.D0.B0)
imz -- Ivan Zakharyaschev
CC BY-SA 3.0
2013-02-26T12:19:45.647Z
2013-02-26T12:19:45.647Z
ThePiachu
<p>Say I already lent <code>EUR 100.00</code> to a friend, in cash, quite informally. Can I use Ripple to keep track of it? If so, how?</p>

<p>I guess I need to get him sign up at ripple.com (or get another Ripple client).</p>

<p>Then I grant him <code>&gt; EUR 100.00</code> trust.</p>

<p>Then he can just "send me" <code>EUR 100.00</code>.</p>

<p>Is that all? Or is there anything more to it? Does my friend need trust from anybody else in Ripple in order to be able to do that?</p>

<ripple><cash>
Can I use Ripple to keep track of loans to friends?
herzmeister
# Can I use Ripple to keep track of loans to friends?

(Asked by: username_0 on 2013-02-26)

Say I already lent `EUR 100.00` to a friend, in cash, quite informally. Can I use Ripple to keep track of it? If so, how?

I guess I need to get him sign up at ripple.com (or get another Ripple client).

Then I grant him `> EUR 100.00` trust.

Then he can just "send me" `EUR 100.00`.

Is that all? Or is there anything more to it? Does my friend need trust from anybody else in Ripple in order to be able to do that?

**Tags:** ripple, cash


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## 1 answers

### Answer by username_1 on 2013-02-26. Score: 7

Yes, Ripple is created precisely for such purposes. Both you and your friends need some small balance in ripple first to "activate" your accounts. After that, you need to grant your friend trust for at least the amount he will owe you, and then he needs to send you money. After that, you will see a net positive amount on your account, and they will see a net negative amount.

If you don't trust your friend with the money but you are connected through a web of trust, there is still a possibility of them sending you money. The transaction will appear from them, but your balance will show some other friend owes you money, and in part your borrower will owe them money.

> **Comments:**
> **username_2**: I would love to do it, problem is I still don't trust Ripple enough. Has anyone used it for real world purposes / nontrivial amounts yet?  
> **username_1**: @username_2 Well, you don't need to trust ripple too much if you only trust people you trust (it's confusing to talk about it, ain't it?), and just use it as some ledger of how much someone owes you and so forth. If you don't try turning it into a web of trust where your IOUs can shift easily, then you should be fine.  
> **username_3**: @username_2: People are using it for real world purposes, but not in non-trivial amounts yet. You could use it for non-trivial amounts now so long as you double-check transactions and are prepared to switch to a backup system should something go wrong with Ripple.  
> **username_2**: username_1 and @username_3, I don't want to enter my debts into both Ripple and a backup system, my txs are too complex as it is. So ... I'll wait for it to graduate out of alpha/beta.  
> **username_4**: Does "and then he needs to send you money" means sending some "virtual" money in Ripple? And what does happen then? After that, he still owes me the real EUR100, right? And if I use my new Ripple balance of EUR100 to pay soemone else (Charles), he'll owe the real EUR100 to Charles then, will he?  
> **username_4**: And a 2nd question: what if I grant the friend trust for EUR100 (which I have lent him), but after that he doesn't "send me this money". Will something go wrong? (In your answer, he does send me the money, after I grant him the trust. So, what if not?)  
> **username_1**: @username_4 If he doesn't send you the virtual money in Ripple, then you can't track the debt this way through Ripple. If he does send you the IOUs, you can transfer the debt to other people. As long as your friend agrees that the debt is transferable, he should uphold the debt to anyone who has the IOUs. This is essentially how new money is created.  
> **username_4**: @username_1 Thank you for your answer! Essentially, the debt can be transeferred directly only to those who trust him, too, as far as I can understand. (Otherwise, if they don't trust him, why would they accept this debt as a payment?..) But indirectly by following a chain of trust such a payment can succeed even if the destination doesn't trust him, but trusts someone who trusts him, and so on, OK...  
> **username_1**: @username_4 Yes, you can only receive the debt if you trust that person. The payment can also ripple through the system if someone is trading that debt for some other currency or if they enable rippling (which is essentially similar to trading for another currency). But otherwise yeah, your friend's debt becomes money - http://www.moneyasdebt.net/ .  
> **username_4**: @username_1 Thanks! (Funny: the site you linked to--although in English--features a typical Moscow underground carriage on the picture. The real interiors of the carriages: https://ru.wikipedia.org/wiki/81-717/714#.D0.92.D0.BD.D1.83.D1.82.D1.80.D0.B5.D0.BD.D0.BD.D1.8F.D1.8F_.D0.BF.D0.BB.D0.B0.D0.BD.D0.B8.D1.80.D0.BE.D0.B2.D0.BA.D0.B0)  

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