Paysafe brings cryptocurrencies one step closer to everyday use. pay with cryptocurrencya new payment solution for US iGaming and daily fantasy sports platforms.
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Powered by MoonPay, the product allows users to deposit funds using stablecoins or major cryptocurrencies, which are instantly converted to USD for gameplay.
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This experience is designed to remove friction.
Players simply select the crypto option at checkout, connect their wallet and complete the transaction, often via a QR code. Once confirmed, your funds will be instantly converted to USD and credited to your account.
The product handles conversions instantly, eliminating the need for users to manually off-ramp their cryptocurrencies before spending them.
Demand for cryptocurrency payments is increasing
The launch comes as cryptocurrency adoption continues to grow in the United States.
around it 70 million Americans currently own digital assetsaccording to Paysafe research. 83% of players are interested in using cryptocurrencies for payments. This combination of ownership and intent will allow the platform to expand beyond traditional payment methods.
While the front-end experience is simple, back-end flexibility is key.
Operators can upgrade their tills with Pay with Crypto through Paysafe Gateway’s single, streamlined integration, developed specifically for iGaming and leveraging the company’s 30 years of global payments experience.
The gateway already supports frictionless card payments, Skrill digital wallets, PaysafeCash eCash solutions, Pay by Bank products, and over 30 local payment methods.
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Virtual currency aims to be practical in the real world
Zak Cutler, President of Global Gaming at Paysafe, highlighted this change, saying:
“Spurred by the growing popularity of stablecoins, cryptocurrencies are evolving from investment assets to payment units of value in the United States, and we are seeing this change accelerate in the country’s iGaming market. Against this backdrop, we are pleased to announce Pay with Crypto, a forward-thinking solution that strongly positions U.S. carriers for the future of customers’ changing transaction preferences and how they pay when they play.”
Ivan Soto-Wright echoed this momentum, adding:
“Cryptorail is making payments faster and more efficient, and our job is to bridge the gap between this technology and real-world practicality. People don’t need to convert digital assets just to make purchases; they want to use what they already have. Paysafe brings that experience to more people through a trusted, regulated platform.”
As stablecoins and cryptocurrency payments gain traction, Paysafe’s latest development highlights a clear trend in cryptocurrencies evolving from something users hold to something they actively use.
