Paysafe Launches Crypto Payments for US iGaming

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Paysafe Launches Crypto Payment Option for US iGaming – Stablecoin Deposits Converted Instantly to US Dollars

Key Takeaways

Paysafe has introduced a new Pay with Crypto solution for iGaming and daily fantasy sports operators in the United States.
The service allows players to fund accounts using USDC and other major cryptocurrencies, with instant conversion into US dollars.
The solution is powered by MoonPay and supports wallet connections and QR code payments.
Operators can settle transactions in stablecoins or fiat currencies through MoonPay infrastructure.
Paysafe integrates the new feature via its existing Gateway, which already supports cards, digital wallets, eCash, Pay by Bank, and more than 30 local payment methods.

Paysafe Introduces Pay with Crypto for US iGaming and DFS Platforms

Paysafe, listed on the New York Stock Exchange under the ticker PSFE, has launched a new payment solution called Pay with Crypto. The product is designed for iGaming operators and daily fantasy sports brands operating in the United States.

The solution enables players to deposit funds using stablecoins such as USDC as well as other major cryptocurrencies. Once a transaction is initiated, the deposited digital assets are instantly converted into US dollars. This allows players to use their funds for gameplay without direct exposure to cryptocurrency price fluctuations during the betting process, where permitted.

According to Paysafe, the launch responds to growing interest in cryptocurrency payments among US players. Company research indicates that 83 percent of US players are interested in using crypto as a payment method. Paysafe also cites data showing that approximately 70.4 million American adults own cryptocurrency.

Instant Conversion Aims to Enable Seamless Gameplay

A central feature of the new payment option is the automatic conversion of deposited cryptocurrency into US dollars. This process is designed to take place instantly after the transaction is completed. For players, this means that while the initial funding occurs in digital assets, the balance used for betting and gaming is denominated in US dollars.

The service supports direct wallet connections. Players can link their crypto wallets to complete transactions. In addition, QR code functionality is available, allowing users to scan and authorize payments quickly. These options are intended to streamline the deposit process for users who already hold cryptocurrency.

The solution is available where permitted, reflecting the regulatory differences that apply across US jurisdictions for iGaming and daily fantasy sports.

MoonPay Provides Infrastructure for Crypto Processing and Settlement

Paysafe developed Pay with Crypto in partnership with MoonPay. The crypto payments infrastructure provider powers the backend functionality that facilitates the acceptance and conversion of digital assets.

Through MoonPay infrastructure, operators are given flexibility in how they settle transactions. They can choose to receive settlement in stablecoins or in fiat currencies. This dual settlement option allows operators to align crypto deposits with their internal treasury and accounting preferences.

Zak Cutler, President of Global Gaming at Paysafe, stated that cryptocurrency in the United States is increasingly being used as a unit of value for payments rather than solely as an investment asset. He noted that Paysafe is observing this shift within the iGaming sector and positioned the new product as a response to changing player preferences.

Ivan Soto Wright, Founder and CEO of MoonPay, highlighted the efficiency of crypto payments. He stated that users want to use their digital assets directly and described the collaboration with Paysafe as a way to extend crypto payment capabilities across established gaming platforms.

Integration Through Paysafe Gateway Expands Existing Payment Ecosystem

The new crypto payment feature is integrated through the Paysafe Gateway. This system already supports a range of payment methods commonly used in online gambling and sports betting environments.

According to the company, the Gateway includes card payments, digital wallets, eCash solutions, Pay by Bank, and more than 30 local payment methods. By adding Pay with Crypto to this existing infrastructure, Paysafe extends its portfolio without requiring a separate standalone integration for operators already connected to the Gateway.

For operators, this approach centralizes multiple payment types within a single framework. For players, it adds cryptocurrency as an additional funding option alongside traditional and alternative payment methods.

The launch reflects a broader integration of digital assets into established payment ecosystems within the US iGaming and daily fantasy sports markets, as described by the companies involved.

Implications for US Players and Operators

The introduction of Pay with Crypto provides a structured method for converting cryptocurrency into US dollars at the point of deposit. This model separates the funding mechanism from the gameplay currency, potentially simplifying compliance and accounting processes for operators.

For players who already hold crypto, the new option allows them to use digital assets directly without first converting them externally into fiat currency. The ability to connect wallets or use QR codes may reduce transaction steps compared to traditional off platform exchanges.

At the same time, the service remains subject to local permissions. Availability depends on whether crypto payments are allowed within specific US jurisdictions and for specific gaming verticals.

Our Assessment

Paysafe has added a crypto funding option to its existing US iGaming and daily fantasy sports payment infrastructure. The solution allows deposits in USDC and other major cryptocurrencies, with instant conversion into US dollars and settlement flexibility for operators through MoonPay. The launch is positioned as a response to measured player interest and growing crypto ownership among US adults, expanding the range of payment methods available within the Paysafe Gateway ecosystem.