EPISODE DESCRIPTION I sat down with Rick Thomas, co-CEO of OnRamper, to dig into a problem most crypto projects hit eventually: on-ramping is way more complicated than it looks. OnRamper aggregates over 30 on-ramping services into a single API and widget, giving wallets, exchanges, neo banks, and trading apps full global coverage without the headache of managing dozens of integrations. Rick breaks down why the on-ramp market is so fragmented, how their AI-powered routing algorithm maximises success rates across countries and payment methods, why KYC is still the biggest bottleneck in the space, and where the whole fiat-to-crypto journey is heading as TradFi and on-chain finance continue to merge. We also get into their identity layer product, the no-KYC card world and its risks, where we are in the current market cycle, and what OnRamper is building next. DISCLAIMER Nothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/ CONNECT OnRamper Website: https://onramper.com/ OnRamper LinkedIn: https://www.linkedin.com/company/onramper/ Rick Thomas LinkedIn: https://www.linkedin.com/in/rick-thomas/ OnRamper Twitter/X: https://x.com/getonramper?s=21&t=GgYr5F_q7Jm-R2MfE-A6xA OnRamper Telegram: https://t.me/onramperstandard Rick Thomas Twitter/X: https://x.com/RickTho16000125 Web3 with Sam Kamani: https://www.web3pod.xyz KEY POINTS WITH TIMESTAMPS • [00:00] Introduction to Rick Thomas and OnRamper , aggregating 30+ on-ramps into one API and widget • [01:33] How Rick got into crypto in 2015 via a Moscow office full of Bitcoin mining rigs strapped to the ceiling • [04:19] The origin story of OnRamper , founder Thijs Maas was building a wallet, kept hitting on-ramp dead ends, and decided to build the aggregator instead • [06:24] Why the on-ramp market is so fragmented , licensing, regional requirements, fraud engines, KYC layers, and low barriers to entry • [08:09] OnRamper's B2B2C model , clients include TrustWallet, Exodus, Coinbase Wallet, Axiom, Pump.fun, gate.io, and more • [09:18] The rise of neo banks and card programs, and why aggregating card issuers is OnRamper's next big move • [13:44] KYC as the biggest unsolved bottleneck , and OnRamper's identity layer built in partnership with Sumsub • [15:10] The biggest mistake projects make when adding on-ramps , assuming one or two providers will be enough • [17:19] Customer success story: closing Solflare at a pizza-and-ping-pong side event at Breakpoint 2023 • [19:18] How OnRamper's dual AI routing algorithm works , real-time routing across payment methods, countries, pricing, and historical success rates • [22:05] Why end-to-end success rates are the North Star metric , and how rates can plummet in markets like Indonesia without local payment methods • [24:21] Where fiat on-ramps are heading , consolidation, bank crypto integrations, virtual accounts, stablecoin rails, and card programs • [28:29] The no-KYC card world explained , how they work, the risks involved, and why compliance exposure falls entirely on the user • [32:49] OnRamper is still breaking volume and revenue records despite a broader bear market • [35:02] Biggest current challenge: an aggressive product roadmap and a need for more engineers • [37:27] Key asks , engineers near or open to Amsterdam, and projects still running single on-ramp integrations looking to upgrade