I’m looking to start a remittance business based on stellar, I’ve spotted on this forum that the API is able to make payment without going through lumens https://galactictalk.org/d/763-can-you-do-a-multi-currency-transfer-without-it-touching-lumens
There are several questions in minds to start with but can anyone provide some clarification about the below:
- can stellar be used as just a cross-border network based on fiat currency only ?
- Otherwise if it’s mandatory to run an anchor because one of the end point “currency” does not have one yet:
- What are requirements about liquidity ?
- any jurisdiction matters or potential issues behind the mention “Anchors also need to comply with U.S. sanctions.” from https://www.stellar.org/learn/anchor-basics