While this is somewhat true, the point of being a registered carrier is that most countries regulate that registered carriers must peer with each other at much

While this is somewhat true, the point of being a registered carrier is that most countries regulate that registered carriers must peer with each other at much lower costs. It is nearly-impossible to get "direct routes" everywhere, mostly because of the logistics of signing all those agreements. But you will generally be much better off with an actual registered carrier because they have better access to direct agreements with regulated pricing.