From Remittances to Real Utility: The Stablecoin Revolution Behind Ramp Network (Interview)
Starting with stablecoins and remittances, Ramp Network makes an attempt to reimagine how cash strikes throughout borders. While conventional remittance methods have a tendency to be gradual, costly, and fragmented, stablecoins provide another – a worldwide rail the place worth can transfer securely, rapidly, and at a fraction of the associated fee.
But expertise isn’t at all times sufficient, as a result of success additionally is dependent upon accessibility, compliance, and, after all – person belief.
In at this time’s interview, we discover how Ramp is designing a worldwide cost app that makes sending cash overseas so simple as sending a message. Tune in to this dialog with Max Sandy, head of Product at Ramp Network.
Ramp Network is constructing a worldwide cost app for stablecoins and remittances. How do you see stablecoins remodeling cross-border funds in contrast to at this time’s remittance infrastructure?
Today’s remittance infrastructure looks like altering trains thrice simply to full a brief journey: one line for cash rails, one for FX, one for settlement. Each hand-off provides price, delay, and threat of one thing breaking down. For too many individuals, sending $100 means shedding $10 in charges and ready days. Stablecoins collapse all that onto a single high pace rail, the place cash strikes immediately and globally at near-zero price. That’s not simply effectivity, it’s a step change in how worth travels. At Ramp Network, we would like to make sending cash overseas so simple as sending a message, beginning with remittances in areas like LATAM the place the ache is sharpest, however finally constructing a worldwide community from day one.
When designing the subsequent era of stablecoin merchandise, how do you stability pace and value effectivity with the compliance calls for of world regulators?
It’s straightforward to obsess over pace and value, however with out compliance, the entire thing is a non-starter. For us, the design precept is: compliance needs to be baked into the rails, not bolted on afterwards. That means anticipating MiCAR in Europe, working with US state regulators, and tailoring flows for markets like LATAM. If you do it proper, you don’t sacrifice UX. The person simply sees a quick, inexpensive switch that occurs to be totally compliant within the background. Compliance isn’t a tax on pace, it’s the way you earn the fitting to scale globally.
You’ve highlighted the function of crypto-to-crypto swaps in unlocking liquidity. Can you clarify why swaps are so crucial for accessibility, significantly in rising markets?
In many rising markets, folks don’t need to instantly convert their earnings into native foreign money. With high inflation, they like to retailer worth on-chain in one thing steady, like USDC or USDT, and solely money out when it’s time to spend. Imagine a employee paid in BTC who saves in USDC to shield in opposition to inflation, then swaps into pesos when hire is due. That’s why swaps are crucial. They give folks the flexibleness to transfer seamlessly between belongings — from BTC into stablecoins, after which into native foreign money when required. Without them, customers are both caught holding belongings they don’t need or face pointless friction when making an attempt to spend. With swaps, crypto stops being only a speculative software and turns into a sensible method to retailer and transfer on a regular basis worth. They act because the bridge that empowers folks to handle cash on their very own phrases — saving in stablecoins to protect worth, and changing into native foreign money solely when wanted. In quick: seamless swaps are the spine of a stablecoin funds ecosystem, turning digital belongings into actual, usable cash.
Remittances typically contain first-time crypto customers who could also be hesitant or skeptical. What are the most important UX challenges you face in constructing belief for this viewers?
The largest UX problem is making crypto’s complexity really feel invisible whereas nonetheless giving first-time customers the boldness to interact. Remittance customers don’t need to take into consideration chains, gasoline charges, or non-public keys — they simply need their cash to arrive safely, immediately, and predictably. We sort out this by specializing in the primary mile of the journey: making onboarding, KYC, and the very first transaction as easy and acquainted as procuring on-line. Biometrics, one-click flows, and clear affirmation screens all assist cut back friction and construct belief. We’ve additionally eliminated crypto-specific jargon like “gasoline” and launched easy cost hyperlinks and one-click sends, making a Revolut-like expertise — however on borderless blockchain rails. By abstracting away the complexity and surfacing solely what issues, we make the product really feel secure, acquainted, and reliable for first-time customers.
Many folks nonetheless see crypto as speculative. What will it take for stablecoins to evolve into a real daily-use monetary software for mainstream customers?
Stablecoins are already proving their utility the place the necessity is most pressing — for instance, in Argentina, the place folks use them to protect greenback worth in unstable markets. What’s been lacking till now could be the front-end expertise catching up with the back-end expertise. The actual unlock comes from two issues: deep integration into current cost infrastructure and true UX parity with conventional finance. Both have superior dramatically prior to now yr. We’re now seeing a brand new wave of wallets that make top-ups and withdrawals to fiat seamless, and that join instantly to POS playing cards and bill-pay methods for on a regular basis utility. The hole has already shrunk, and the main focus now could be doubling down on UX — making these flows easy and intuitive. The first Revolut-like app constructed on blockchain rails isn’t distant — give it a yr. In quick: stablecoins will go mainstream after they cease feeling like crypto and begin feeling like money — solely higher.
What do you suppose the stablecoin-powered funds panorama will appear to be in 5 years, and what function do you see Ramp taking part in in making that imaginative and prescient a actuality?
In 5 years, I feel stablecoins will energy the spine of world funds. The expertise gained’t really feel like crypto, it should simply really feel like cash shifting immediately throughout borders. For somebody in Mexico or Nigeria, getting paid from overseas can be so simple as receiving a textual content message. The actual shift is that remittances and on a regular basis funds will occur on the identical rails – inexpensive, instantaneous, and trusted. Ramp Network’s function is to make certain these rails are open, compliant, and designed for mainstream customers, so stablecoins evolve from area of interest devices into on a regular basis monetary instruments. Our app launch is simply step one. The aim is to make stablecoin funds really feel as common as card funds are at this time.
Disclaimer: The content material shared on this interview is for informational functions solely and doesn’t represent monetary recommendation, funding advice, or endorsement of any challenge, protocol, or asset. The cryptocurrency house entails threat and volatility. Readers are inspired to conduct their very own analysis and seek the advice of with certified professionals earlier than making any monetary choices. This interview was performed in cooperation with Ramp Network, who generously shared their time and insights. The content material has been reviewed and accepted for publication in mutual understanding. Minor edits have been made for readability and readability, whereas preserving the substance and tone of the unique dialog.
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