THORChain Weekly Live Peer-to-peer private crypto on-ramp and off-ramp: THORChain Podcast #183
Mar 22, 2026
Ben (UnhappyBen), Head of Marketing & Growth at Peer — building a non-custodial, permissionless P2P fiat on/off-ramp using zero-knowledge proofs. He discusses how Peer proves off-chain payments while blinding PII. Conversations cover ZK readiness and UX challenges, using existing payment rails permissionlessly, modular swap integrations, liquidity and limits, and privacy risks of centralized on/off-ramps.
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Attract Users With Zero Fiat Fees Then Monetize The Swap
- Start with no fiat fees and monetize on chain swaps or spread to attract liquidity providers and users.
- Peer charges no fiat on/off-ramp fees currently and takes revenue from bridge swap spread (e.g., 0.5% bridging, 50bps on relay swap).
Limits Depend On Payment Rails Not Peer
- User limits are primarily set by underlying payment rails (e.g., Venmo ~20k/week) and provider-specific policies, not by Peer itself.
- Revolut is friendlier for larger flows; Wise is more restrictive and may close accounts if linked to crypto activity.
Expand Rails By Publishing Provider Templates
- Add new payment providers by creating provider templates that map API fields and blind PII for ZK proof generation.
- Peer documents how to open a GitHub PR with the JSON template to support banks in new regions (e.g., Nigeria).