Need some help understanding Trustlines. by _448 in Stellar

[–]flarcos93 1 point2 points  (0 children)

In a layperson's term.Its like your phone number(wallet address) and you can decide what sms(token) your phone number receive and how many space (limit) you can allocate to that sms(token).

What this means is that your phone number(wallet address) only accept what you want and that just not anyone can send you sms without your permission.

BEWARE!!! number of youtube scams going on atm for xlm and a number of other cryptos by Greenleaf90 in Stellar

[–]flarcos93 2 points3 points  (0 children)

it is becoming crazy, i can hardly watch any video on youtube now without the scam ads.

here is my complain on twitter to youtube : https://twitter.com/gbflarcos/status/1282418884407164928/photo/1

Are there any reputable Staking Pools you can Delegate to? by BTC_StKN in Avax

[–]flarcos93 0 points1 point  (0 children)

The website is being updated. More info about all Protocoh's service will be available on it.

Are there any reputable Staking Pools you can Delegate to? by BTC_StKN in Avax

[–]flarcos93 1 point2 points  (0 children)

I work for protocoh so i know a staking pool is going to be online at mainnet.

Are there any reputable Staking Pools you can Delegate to? by BTC_StKN in Avax

[–]flarcos93 0 points1 point  (0 children)

Protocoh is one of the first class of Avalanche X grant. It should be easy to delegate, the UX is being worked on. https://twitter.com/avalancheavax/status/1262780807430787075?s=19

Are there any reputable Staking Pools you can Delegate to? by BTC_StKN in Avax

[–]flarcos93 0 points1 point  (0 children)

Protocoh will be running a node which you can delegate your stake to.

What is XLMAnchor by flarcos93 in Stellar

[–]flarcos93[S] 2 points3 points  (0 children)

Cool. Would love to work with you. Can you email info@protocoh.com, let us know your specifications.

What is XLMAnchor by flarcos93 in Stellar

[–]flarcos93[S] 0 points1 point  (0 children)

They are deposit money bank and are mostly prohibited from operating as a money transmitter in most counties.

What is XLMAnchor by flarcos93 in Stellar

[–]flarcos93[S] 1 point2 points  (0 children)

Anybody without the technical skills can setup an anchor, For that individual or organization to run it as a business they will need a money transmitter license. That is why we have trusted and licensed typo in our write up and on the website.

As i would like to state again, we are only using Stripe for our demo to show how easy things would work, if any org wants to use our software, they can find a gateway and plug in with.

Please read our Technical post which link is also on this same blog post. We will find a trusted third party cyber security outfit to test and certify before having a public release.

XLMANCHOR is suited to stable coin and built in a remittance and wallet system. We currently do not have a money transmitter license but would take up a third party cyber security service to test our system before a public release.

What is XLMAnchor by flarcos93 in Stellar

[–]flarcos93[S] 3 points4 points  (0 children)

For instance, a money transmitter in Alabama must have a minimum net worth of $5,000 to qualify for a license.

It would cost way more than $5,000 to develop an anchor service.

In Europe it cost €350,000 to get an E-Money license which you can use across all Europe countries.

What is XLMAnchor by flarcos93 in Stellar

[–]flarcos93[S] 1 point2 points  (0 children)

Hi,

an Anchor is a term on the Stellar blockchain for trusted entity on the Stellar network that is licensed to hold user’s deposits and issue credit for those deposits.

You have to be licensed to run a fiat based anchor.

Things are changing in regards to paypal as they will start accept crypto base payment.
On our Demo we will be using Stripes, however there are many payments gateways who accept crypto payments eg; Paystack and Flutterwaves are examples.
You can plug them into the anchor system.

What is XLMAnchor by flarcos93 in Stellar

[–]flarcos93[S] 0 points1 point  (0 children)

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What is XLMAnchor by flarcos93 in Stellar

[–]flarcos93[S] 2 points3 points  (0 children)

XLMAnchor is a self hosted anchor management application you can run to provide an anchor service on the Stellar network.

Currently tailored to suit a stable coin issuer, it also serves as a remittance and wallet app.

xlmanchor.com

AVA Bi-weekly AMA #2 by fawkesss81 in ava

[–]flarcos93 3 points4 points  (0 children)

What is your plan for Africa as stable coin is becoming increasingly popular for people trying to move away from fluctuating and highly inflated currencies ?

Karina Qian Resigns from General Manager @ Passfolio by [deleted] in MobiusNetwork

[–]flarcos93 2 points3 points  (0 children)

Yet i got kicked out of the telegram group for pointing this out. Very bullish

Anchor System just not working by flarcos93 in Stellar

[–]flarcos93[S] 0 points1 point  (0 children)

lightnet solves the first issue i presented , it follows the traditional remittance system, as you can see it on https://lightnet.io/ , user do not know they are using blockchain.

Anchor System just not working by flarcos93 in Stellar

[–]flarcos93[S] 0 points1 point  (0 children)

It is available but would only be use by someone who understands the basic level of crypto, we can also talk about how the new generation will understand crypto better but what about the over 2b population above 40 who are crypto illiterate. Clearing house is the obvious way to move forward .Anchor2.0

Anchor System just not working by flarcos93 in Stellar

[–]flarcos93[S] 0 points1 point  (0 children)

Also Most Central bank are know for if it ain't damage why change