Paysafe rolls out Pay with Crypto to boost iGaming payments

By Vriti Gothi

London-based payments firm Paysafe has introduced a new cryptocurrency payment option for iGaming and daily fantasy sports operators in the United States, as it looks to capitalise on growing consumer demand for digital asset transactions.

The product, branded Pay with Crypto, has been developed in partnership with MoonPay and enables players to fund their gaming accounts using stablecoins or major cryptocurrencies, where regulatory conditions allow. Deposits are automatically converted into U.S. dollars to facilitate gameplay.

The launch reflects a broader shift in consumer behaviour. Paysafe cited estimates suggesting that around 70.4 million U.S. adults hold cryptocurrency, while its own research indicates that 83% of players are open to using crypto for payments. The move positions the company to address increasing expectations for alternative payment methods within the regulated iGaming sector.

The solution allows users to connect crypto wallets directly or complete transactions via QR codes using mobile devices. Once verified, funds are converted instantly into fiat currency. For operators, the system offers settlement flexibility, enabling near-instant settlement in stablecoins or conversion into U.S. dollars and other fiat currencies.

Strategically, the rollout expands Paysafe’s existing payments ecosystem, which includes card acquiring, digital wallets such as Skrill, eCash solutions, and bank transfer capabilities. The addition of crypto functionality is aimed at strengthening its value proposition to gaming operators seeking to diversify payment acceptance and improve user experience.

Zak Cutler, President of Global Gaming at Paysafe, said, “Galvanised by the growing popularity of stablecoins, cryptocurrency is evolving in the U.S. from an investment asset into a unit of value for payments, and we’re seeing this shift gather pace in the country’s iGaming market. Against this backdrop, we’re delighted to unveil Pay with Crypto, a forward-thinking solution that strongly positions U.S. operators for their customers’ changing transactional preferences the future of how they pay when they play.”

The development comes as iGaming operators in the U.S. face rising pressure to offer faster, more flexible payment options while navigating a complex regulatory landscape. By integrating crypto payments with automatic fiat conversion, Paysafe and MoonPay aim to reduce friction for users while maintaining compliance with existing financial frameworks.