Paysafe has officially launched a groundbreaking crypto payment solution, “Pay with Crypto,” tailored specifically for iGaming operators and daily fantasy sports brands within the U.S. market. This innovative service is powered by MoonPay, enabling customers of these brands to seamlessly utilize their preferred stablecoins or cryptocurrencies for funding their player accounts, whenever regulations permit.
The launch responds to a growing market, highlighted by a recent survey indicating that approximately 70.4 million American adults currently own cryptocurrency. Furthermore, Paysafe’s own research suggests a significant interest in crypto payments, with 83% of U.S. players expressing a desire for such options. This demand underscores Paysafe’s commitment to evolving payment methods that align with consumer preferences.
Players interested in utilizing this new payment method can select “Pay with Crypto” and choose their desired stablecoin or cryptocurrency. After connecting their crypto or custodial wallet, the innovative MoonPay Commerce Checkouts technology allows for transactions to be executed via QR code on mobile devices. Once the transaction is verified, the crypto deposits are instantly converted into U.S. dollars, ready for play.
The flexibility of the “Pay with Crypto” solution also extends to iGaming operators. They can choose to settle payments almost immediately in stablecoins through their crypto wallets. Alternatively, they can opt to settle in U.S. dollars or other major fiat currencies using MoonPay’s Virtual Accounts, providing a convenient option tailored to their operational needs.
Operators can easily integrate Paysafe’s latest offering into their existing systems through a streamlined integration of the Paysafe Gateway, which has been specifically designed for the iGaming sector, drawing from the company’s extensive 30 years of global experience in online payments.
Already featuring a variety of payment solutions—including frictionless card payments, the Skrill digital wallet, PaysafeCash, and Pay by Bank—the addition of “Pay with Crypto” allows Paysafe to further diversify its service offerings. This move exemplifies Paysafe’s commitment to adapting to the evolving transactional preferences of consumers and operators alike, ensuring a smooth and modern payment experiences in the rapidly expanding iGaming landscape.
