Paysafe is bringing cryptocurrency deposits to the US gaming market. The global payments platform announced the launch of Pay with Crypto, a new cashier option built for iGaming operators and daily fantasy sports brands operating in the United States.
The service was developed in partnership with MoonPay and enables players to fund their accounts using stablecoins or other cryptocurrencies, where permitted by applicable regulations. Paysafe has been expanding globally into multiple markets, including a move into Peru in 2025.
Why Crypto Payments in Gaming Now
The timing reflects a measurable shift in consumer behavior. Paysafe cited data showing that approximately 70.4 million Americans own cryptocurrency. Its own research found that 83% of US gaming customers expressed interest in using crypto as a payment option. The company also noted that over half of Super Bowl bettors used online payment methods during this year’s event, pointing to the broader migration of the gaming customer base toward digital financial tools.
Zak Cutler, President of Global Gaming at Paysafe, said that the rise of stablecoins, in particular, signals a change in how Americans think about cryptocurrency. Rather than treating it purely as a speculative investment, a growing share of users are treating it as a usable means of payment. Pay with Crypto is designed to meet that expectation within a regulated gaming environment.
How the Product Works
The mechanics are built around simplicity and speed. A player selects Pay with Crypto at the cashier, chooses a preferred stablecoin or cryptocurrency, and connects their crypto wallet to complete the deposit. MoonPay’s Commerce Checkout technology handles the transaction and supports QR code payments for mobile users.
Once verified, the crypto is instantly converted into US dollars and credited to the player’s account. The conversion happens at the point of deposit, meaning the operator receives fiat currency regardless of which digital asset the player used. This removes the volatility risk that has historically made direct crypto acceptance complicated for licensed gaming operators.
Operators have flexibility on the settlement side as well. They can choose to receive funds almost instantly in stablecoins through their crypto wallets, or in US dollars or other major fiat currencies through MoonPay’s Virtual Accounts powered by Iron.
MoonPay’s Larger Role
MoonPay is providing the underlying infrastructure for the conversion and payment rails. Ivan Soto-Wright, MoonPay’s founder and CEO, framed the product as part of a broader mission to close the gap between crypto technology and real-world payment use cases. His argument is that crypto holders should not need to convert their digital assets into fiat before making purchases.
The gaming sector, with its high transaction volumes and digitally native customer base, is a natural fit for that thesis. MoonPay’s Commerce Checkout layer handles both the technical execution of the transaction and the QR code functionality that makes mobile payments straightforward.
The Regulatory Context
Pay with Crypto is available where cryptocurrency deposits are permitted under applicable law. That qualification matters in the US gaming market, where state-by-state regulation governs what payment methods are acceptable. Not every state that has legalized online sports betting or casino gaming has explicitly authorized crypto deposits. Paysafe’s partnership model places the compliance burden of jurisdiction-level approval on the operator, with Pay with Crypto available within each operator’s permitted payment stack.
The launch is also happening in a broader regulatory moment. Stablecoins are attracting growing attention from Congress and financial regulators, with several proposals moving through the legislative process to establish a formal federal framework for stablecoin issuance and use.
A cleaner regulatory environment at the federal level would likely expand the number of states and operators willing to accept crypto deposits.
What It Means for the Market
For operators, Pay with Crypto addresses a competitive pressure point. Offshore and unlicensed platforms have long accepted cryptocurrency deposits as a core product feature, which has made them attractive to a segment of players that licensed US operators cannot easily reach.
A compliant, regulated crypto deposit option narrows that gap without creating regulatory exposure.
For Paysafe, the launch extends a payments portfolio that already covers bank transfers, cards, digital wallets, and cash vouchers. Adding crypto rounds out the offering as US gaming operators increasingly compete on both product and payment experience.
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