In a large pot, bring the water to a boil. Add the sliced tripe and cook for about 10 minutes, then drain and set aside.
In the same pot, heat the olive oil over medium heat.
Add the chopped onion, bell pepper, and minced garlic, and sauté until softened.
Next, add the chopped tomatoes, sliced carrots, and cubed potatoes to the pot.
Stir in the cooked tripe, chopped cilantro, bay leaves, salt, black pepper, cumin, and paprika.
Pour in the water, making sure all ingredients are submerged.
Bring the soup to a boil, then reduce the heat to low and let it simmer, covered, for about 1 to 1.5 hours or until the tripe is tender and flavors are well combined.
Once the soup is almost ready, adjust seasoning if needed. Serve hot, garnished with additional chopped cilantro if desired.