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Fun CEO says crypto payments will move toward unified infrastructure
Fun processes more than $3 billion in monthly volume and says on-ramps and bridges will become largely unnecessary as platforms embed payments into apps.
Fun CEO Alex Fine said standalone crypto payment on-ramps and blockchain bridges are headed for obsolescence as crypto platforms adopt unified payment infrastructure. Fine argued users primarily want access to applications, not repeated conversion and bridging steps that expose blockchain complexity.
According to Fine, the next generation of Web3 payments will embed deposit, withdrawal, settlement, and checkout directly into the user experience, abstracting how money moves across fiat, stablecoins, and blockchains. CoinDesk reports that Fine compared the shift to Web2 payments, where consumers typically do not think about the underlying infrastructure processing transactions.
Fun, described as a payments infrastructure firm that provides APIs for fintechs and crypto applications, said it powers 100% of deposits and withdrawals on Polymarket and deposit flows into Aave's largest vaults. The company also said it processes more than $3 billion in monthly volume, reflecting the scale of the backend payments layer behind visible trading and app interfaces.