In a significant leap toward financial modernization, global payments leader Paysafe has announced the launch of “Pay with Crypto” specifically for the United States iGaming and daily fantasy sports market.
To achieve this, Paysafe has partnered with MoonPay, the industry leader in blockchain infrastructure, to create a seamless bridge between digital assets and traditional fiat currency.
Eliminating the Conversion Middleman
The partnership is driven by explosive data: approximately 70.4 million American adults now hold cryptocurrency. Internal research from Paysafe revealed that 83% of US players want the ability to fund their betting accounts directly with digital coins like Bitcoin or USDC. Previously, users had to manually convert crypto to cash before depositing—a process that discouraged engagement.
Under the new system, players can simply scan a QR code on the cashier page using MoonPay’s Commerce Checkout. The system swaps the crypto for US dollars in seconds, funding the player’s account instantly without waiting for traditional bank clearances.
Back-End Control for Operators
A key feature of the “Pay with Crypto” solution is the flexibility it offers casinos and sportsbooks. Operators can choose to avoid volatility by settling transactions in fiat through MoonPay’s Virtual Accounts, or they can receive payments directly into corporate wallets via stablecoins.
Zak Cutler, Head of Global Gaming at Paysafe, noted the paradigm shift:
“Cryptocurrency finally graduated from a risky investment asset into actual, usable spending money. This new tool perfectly positions betting brands to handle how modern players actually want to spend their cash today.”
MoonPay CEO Ivan Soto-Wright echoed this sentiment, emphasizing that digital payments on blockchain networks are vastly more efficient. Backed by high-level licenses, including the New York BitLicense, MoonPay provides the trusted foundation necessary for iGaming brands to adopt this tech with total legal confidence.
