Paysafe (NYSE:PSFE) said it has launched a new cryptocurrency payment solution called Pay with Crypto aimed at iGaming operators and daily fantasy sports platforms in the United States. The service, developed in partnership with MoonPay, allows players to fund their accounts using stablecoins or other cryptocurrencies in jurisdictions where such payments are permitted.
Through the system, customers can deposit funds using USD Coin, other stablecoins, or widely used cryptocurrencies. Users link their crypto or custodial wallets to complete transactions, while MoonPay’s Commerce Checkouts technology enables QR-code-based payments via mobile devices. The platform automatically converts the crypto deposits into U.S. dollars before crediting player accounts.
For operators, the service offers flexible settlement options. Payments can be received almost instantly in stablecoins sent directly to crypto wallets or settled in U.S. dollars and other fiat currencies through MoonPay’s Virtual Accounts infrastructure powered by Iron.
The feature is integrated into the Paysafe Gateway platform, which already supports card payments, the Skrill digital wallet, PaysafeCash, Pay by Bank services and more than 30 local payment methods.
Paysafe pointed to industry research indicating that roughly 70.4 million adults in the United States own cryptocurrency, while about 83% of U.S. gaming customers have expressed interest in using crypto for payments.
“Cryptocurrency is evolving in the US 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,” said Zak Cutler, President of Global Gaming at Paysafe.
Ivan Soto-Wright, Founder and CEO of MoonPay, said the partnership is designed to bridge the gap between digital asset technology and everyday payments, enabling users to spend the cryptocurrencies they already hold.