Key Highlights
Contents
- Paysafe introduces Pay with Crypto, a cryptocurrency payment solution designed for US-based iGaming platforms and daily fantasy sports providers in partnership with MoonPay
- Users can make deposits with stablecoins such as USDC or popular cryptocurrencies, which automatically convert to USD upon transaction
- Approximately 70.4 million US adults hold cryptocurrency, with 83% of American gamers showing interest in crypto-based payment options
- Gaming platforms have flexibility to receive settlements in either stablecoins or traditional fiat currency via MoonPay’s payment infrastructure
- North American iGaming operations at Paysafe experienced 50% revenue growth in processing fees during 2025
Paysafe has introduced a cryptocurrency-focused payment platform tailored for online gaming operators and daily fantasy sports companies operating in the United States.
Dubbed Pay with Crypto, this new offering enables users to deposit funds into their gaming accounts through stablecoins like USDC or other widely-used digital currencies. Upon deposit, the cryptocurrency undergoes immediate conversion to United States dollars, making the funds available for wagering in approved jurisdictions.
MoonPay, an international cryptocurrency payment and stablecoin infrastructure provider, powers the technology behind this solution. The company manages the technical aspects of conversion and transaction settlement that enable the feature to function.
Users have the option to link their current cryptocurrency wallets or utilize QR code scanning technology to execute deposits. The system is engineered for rapid processing, eliminating the need for players to perform manual conversion of their digital holdings prior to deposit.
According to research referenced by Paysafe, around 70.4 million adults in America currently possess cryptocurrency holdings. Additionally, the company’s findings indicate that 83% of American gaming customers have shown interest in utilizing cryptocurrency for payment transactions.
Operator Benefits and Settlement Options
From the operator perspective, the platform offers versatile settlement arrangements. Online gaming companies can elect to receive nearly instantaneous fund transfers in stablecoins directly to their corporate cryptocurrency wallets, or alternatively settle transactions in US dollars or another primary fiat currency.
Implementation occurs through Paysafe Gateway, a specialized platform developed exclusively for the iGaming sector. This gateway currently accommodates card-based payments, the Skrill e-wallet service, PaysafeCash, bank transfer options, and over 30 region-specific payment methods.
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 within the United States is transitioning from its original role as strictly an investment vehicle toward becoming a practical medium of exchange for routine transactions. He indicated the company is observing accelerated adoption of this trend particularly within the iGaming vertical.
Cutler characterized Pay with Crypto as a forward-looking solution that prepares American operators for evolving consumer expectations regarding payment methodologies.
Ivan Soto-Wright, Founder and CEO of MoonPay, emphasized that cryptocurrency payment infrastructure delivers superior transaction speed and operational efficiency. He expressed the view that consumers should not face the inconvenience of converting digital assets simply to complete a purchase.
“Paysafe brings that experience to more people through trusted, regulated platforms,” Soto-Wright said.
Expansion of Paysafe’s Gaming Operations
During a February 2025 conversation with PYMNTS, Cutler identified payment processing as a critical growth catalyst for the iGaming industry. He emphasized that streamlined payment experiences contribute to enhanced conversion rates, stronger customer retention, and elevated overall user satisfaction.
Paysafe disclosed in March that transaction volumes for its iGaming services throughout the American football season achieved unprecedented highs. The firm attributed this growth to sustained consumer demand across entertainment-focused market segments.
The company’s North American iGaming division generated 50% growth in processing revenue during 2025, based on financial results published in a March 3 earnings announcement.
Paysafe trades publicly on the New York Stock Exchange. The Pay with Crypto functionality is currently accessible to United States iGaming operators and daily fantasy sports providers through the Paysafe Gateway platform.
