Second Life Hawala

On May 15, 2007, in Technology, by Administrator

“I see this as a virtual version of the hawala or hundi system,” said Johnson, who heads risk management firm TRMG, referring to the informal money transfer network that is commonly used through the Middle East, Asia and Africa.

“It’s trust based — I give you 1,000, you give someone else 1,000 — it serves to move money from A to B to C to D while obscuring the trail.” Link —>


1 Response » to “Second Life Hawala”

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