We want to partner with anchors on stellar

siddel1

We are building the application using Stellar and were trying to understand and link with Anchor. We wanted to understand the process we would require to incorporate operations into the application and leverage the Stellar network.

Email : siddel.wyrr@gmail.com

fiatjaf

Shouldn't Stellar be an open marketplace for assets issued by anchors? Shouldn't you be able to buy and sell assets from anchors that are convertible into the real-world asset they stand for without asking and without partneering? Why would someone want to "partner" with an anchor?

(I know there are infinite motives a company may want to partner with another company and this may be one of those, but I guess the main reason one would have to partner with an anchor is already mostly made unnecessary in the Stellar network.)

I don't understand (honestly, I'm asking someone to clarify this for me).

siddel1

fiatjaf " We are building the application using Stellar and were trying to understand and link with Anchor. We wanted to understand the process we would require to incorporate operations into the application and leverage the Stellar network"

bkolobara

In some cases it makes sense to partner up. E.g. I want to run an exchange on Stellar, but don't want users first to go to the Tempo's website for EUR deposits/withdrawals. I want the on and off ramp to be my website.

@siddel1 Be more specific what you expect from this partnership. Maybe explain what values you will provide to anchors and what do you expect in return. Partnering up is such a broad term.

siddel1

bkolobara "I want to run an exchange on Stellar, but don't want users first to go to the Tempo's website for EUR deposits/withdrawals. I want the on and off ramp to be my website" thats actually the exact reason I'm kinda walking a tight rope on how much information on able to give thats why some of my questions seem vague i have investors who view the thread

michelem

bkolobara could you please give me your point of view here: https://galactictalk.org/d/1652-managing-fiat-and-anchors/3

Probably a partnership like that would ask the Anchor to provide a set of API to make Bank withdrawals or Paypal, in exchange of a fee (and the right tokens), right?

siddel1

[unknown] thats probably wht we are gonna go with due too the difficulties in communication you have been a great help my brother maybe i should just write u directly nxt time lol

dzham

So you're a remittance service that doesn't do any actual remittances?

I know there have been discussions about discoverability of anchors, but right now you have to deal with each anchor separately, interfacing with them and any eventual APIs. Most of them probably don't have any APIs for deposits/withdrawals, cash-in/cash-out, KYC/AML.

I understand the value you provide to your users, but what value do you provide to the anchors?

siddel1

dzham we appreciate your input but it was absolutely useless the value we give to the anchors and the extant of a proposed partnership would be a discussion that would be had with the parties involved. lets not focus on formalities and focus on bringing constructive critisium and fresh ideas on the underlying technology and implamentations behind each project we shouldn't comment just for the sake of commenting.

dzham

siddel1 I thought my input was quite valuable, but happy I could waste some of your precious time.

Anchors won't bend over backwards to cooperate with services like yours. If they haven't thought about plugging themselves in to remittance services already, there's a lot of NRE ahead of them.

The constructive thing to do would be to try to devise a protocol for cash-ins/cash-outs that would work across the board, for any service/anchor.

siddel1

dzham now that information is useful and something we can defenitly use, now we are getting somewhere i knew u had it in you just had to squeeze it out lol but thanks i will definitely look into that idea.

sb_

There's a SEP that covers some of this that I would love to see more activity on:

https://github.com/stellar/stellar-protocol/pull/47

siddel1

sb_ this information was invaluable helped me solve alot of issues i was having

siddel1

[unknown] The statement i posted wasn't understood clearly which was evident in the comment to say we don't do remittance is 100% untrue u would have to use the application which is going to be made available the end of the week to come to that conclusion. the inquiry wasn't a technical one it was purely for business reasons which is why i kept it short and and included my personal email as we felt it wasn't the place to have those discussions

siddel1

[unknown] to the point of how long I've been on stellar u shouldn't assume the day i created my first thread as the day i got on stellar I've been following stellar for quite some time now i was fully aware and knew @dzham is a judge its written on the build challenge page in bold letters right under judges so that has nothing to do with my longevity

siddel1

[unknown] correct but assumptions shouldn't be made either I'm here to answer any questions anyone may have loaded statements aren't necessary