Global payments platform Paysafe has expanded its services to include cryptocurrency payments for iGaming operators and daily fantasy sports brands in the U.S. This new feature, named Pay with Crypto, allows brands to accept deposits in stablecoins or cryptocurrencies, converting these funds to U.S. dollars to facilitate gameplay, as outlined in an April 7 press release from the company.
The implementation of this solution is powered by the infrastructure of MoonPay, a firm specializing in crypto payments and stablecoin processing. This enables operators to choose between settling payments in stablecoins directly into their crypto wallets or in U.S. dollars or other major fiat currencies.
According to Zak Cutler, the president of global gaming at Paysafe, the increasing evolution of cryptocurrency from a method of investment to a viable payment solution highlights the necessity for operators to adapt to customer preferences. “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,” Cutler stated.
MoonPay’s Founder and CEO, Ivan Soto-Wright, echoed this sentiment, emphasizing that utilizing crypto rails for payments enhances speed and efficiency. He remarked, “People shouldn’t have to convert their digital assets just to make a purchase — they want to use what they already have. Paysafe brings that experience to more people through trusted, regulated platforms.”
Pay with Crypto joins a suite of other payment methods available through the Paysafe Gateway, which is designed specifically for the iGaming sector. The Gateway also supports card payments, the Skrill digital wallet, the PaysafeCash eCash solution, a Pay by Bank product, and over 30 local payment methods.
In an increasingly competitive environment, payments are becoming central to the growth strategies of sportsbooks and online gaming platforms. Cutler noted in a previous interview that “Payments aren’t just a back-end function — they’re a strategic growth driver.” He emphasized that a seamless payment process leads to higher conversion rates, improved retention, and greater overall user satisfaction.
Recently, Paysafe reported that there was a notable uptick in transaction volumes during the U.S. football season, with record activity underscoring robust demand in entertainment-driven categories. Additionally, the company’s North American iGaming business experienced a 50% increase in processing revenue in 2025, showcasing the growing significance of innovative payment solutions in the gaming industry.
