TFTC: A Bitcoin Podcast #711: How to Turn Any App Into a Bitcoin On-Ramp with Harsha Goli
43 snips
Feb 2, 2026 Harsha Goli, founder and CEO of Magnolia and longtime Bitcoin infrastructure builder, explains how his team makes it easy for any app to convert fiat to Bitcoin. He discusses bridging banking rails, enterprise wallets, compliance and licensing, and using AI to scale small teams. Listeners hear about Magnolia’s banking API, state-by-state coverage, and operational safeguards.
AI Snips
Chapters
Transcript
Episode notes
Align Engineering, Compliance, Ops
- Keep engineering, compliance, and operations in the same room and iterate policies together.
- Flag dangerous designs early and simplify processes to reduce human error and security risk.
Turn Apps Into Banks Via API
- Use Magnolia's banking API to spin up per-user accounts, accept ACH, convert fiat to Bitcoin, and send on-chain or Lightning.
- Onboard quickly — Magnolia reduced KYB from six weeks to under one week.
Bridging Stablecoins To Fiat For Users
- Magnolia built a price oracle for discrete log contracts and added fiat disbursements to bridge stablecoins to bank cash.
- They focus on converting stablecoin loans into fiat for end users to avoid exchange fees.