Key Takeaways
- Paysafe unveiled Pay with Crypto, a cryptocurrency payment solution designed for US-based iGaming platforms and daily fantasy sports operators through a partnership with MoonPay
- The system enables players to deposit funds using USDC stablecoins and leading cryptocurrencies, automatically converting them to US dollars upon transaction
- Research indicates 70.4 million US adults hold cryptocurrency, with 83% of American players showing interest in crypto-based payment options
- Gaming operators gain flexibility to settle payments either in stablecoins or traditional fiat currencies via MoonPay’s payment infrastructure
- The company’s North American iGaming division achieved 50% revenue growth in processing volume during 2025
Paysafe has introduced a cryptocurrency-based payment system targeting iGaming platforms and daily fantasy sports operators throughout the United States.
Dubbed Pay with Crypto, the new offering enables players to deposit funds into their gaming accounts using stablecoins like USDC alongside other prominent cryptocurrencies. Upon deposit, these digital assets undergo immediate conversion to US dollars, making funds available for gameplay in jurisdictions where authorized.
MoonPay, an international cryptocurrency payment processor and stablecoin infrastructure provider, powers the technology behind this initiative. The company manages the technical aspects of conversion and transaction settlement for the platform.
Users have the option to link their current crypto wallets or utilize QR code scanning to finalize deposits. The system operates with minimal friction, eliminating the need for players to manually exchange their digital currencies before depositing.
According to Paysafe’s market analysis, approximately 70.4 million adults in America currently possess cryptocurrency holdings. Additionally, the company’s research revealed that 83% of US-based players demonstrate enthusiasm for incorporating crypto into their payment methods.
Operator Benefits and Transaction Settlement Options
From the operator perspective, the payment solution delivers versatile settlement capabilities. Gaming companies can elect to receive nearly instantaneous deposits in stablecoins transferred directly to their corporate crypto wallets, or alternatively settle transactions in US dollars or other mainstream fiat currencies.
The technology integrates through Paysafe Gateway, a specialized platform engineered for the iGaming sector. This gateway currently accommodates card transactions, the Skrill electronic wallet, PaysafeCash, Pay by Bank functionality, and over 30 region-specific payment alternatives.
Incorporating cryptocurrency into this existing suite provides operators with an additional payment channel for their customer base without requiring development of standalone payment infrastructure.
Zak Cutler, who serves as President of Global Gaming at Paysafe, noted that cryptocurrency usage in America is evolving beyond its role as merely an investment vehicle toward functioning as a medium for routine transactions. He indicated the company observes this transformation accelerating particularly within the iGaming space.
Cutler characterized Pay with Crypto as a forward-looking solution that prepares American operators for evolving consumer payment preferences.
Ivan Soto-Wright, Founder and CEO of MoonPay, emphasized that cryptocurrency payment infrastructure delivers enhanced transaction speed and operational efficiency. He stressed that consumers shouldn’t face the inconvenience of converting digital assets simply to complete purchases.
“Paysafe brings that experience to more people through trusted, regulated platforms,” Soto-Wright said.
Expanding iGaming Operations at Paysafe
During a February 2025 conversation with PYMNTS, Cutler identified payment processing as a critical growth catalyst for the iGaming industry. He explained that streamlined payment experiences directly correlate with enhanced conversion rates, superior customer retention, and elevated user satisfaction metrics.
Paysafe announced in March that transaction volumes for its iGaming services hit unprecedented levels throughout the US football season. The organization attributed this expansion to consistent consumer demand within entertainment-focused market segments.
The company’s North American iGaming operations generated 50% growth in processing revenue during 2025, as detailed in a March 3 financial earnings disclosure.
Paysafe maintains its listing on the New York Stock Exchange. The Pay with Crypto functionality is currently accessible to US iGaming operators and daily fantasy sports platforms via the Paysafe Gateway system.
