Paysafe has introduced a new cryptocurrency-based payment option for online gaming operators in the United States, expanding how players can fund their accounts as interest in digital assets continues to grow.

The product, called Pay with Crypto, has been developed in collaboration with MoonPay. It allows users to deposit funds using stablecoins or other cryptocurrencies, which are then converted into U.S. dollars for use across online sportsbooks, casinos, and daily fantasy sports platforms in jurisdictions where such payments are permitted.

New Payment Option Targets Growing Demand

Paysafe’s latest offering reflects increasing demand for crypto transactions within the U.S. gaming market. Company research indicates that 83% of American online gamblers are interested in having cryptocurrency as a funding option. The company also noted that approximately 70.4 million U.S. adults currently own digital assets.

Zak Cutler, Paysafe’s President of Global Gaming, said: “Galvanized by the growing popularity of stablecoins, cryptocurrency is evolving in the U.S. 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.

“Against this backdrop, 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.”

Through the new system, players can choose from USD Coin (USDC), other stablecoins, or widely used cryptocurrencies when making deposits. After selecting the payment method, users connect either a crypto wallet or a custodial wallet to complete the transaction.

How the System Works for Players and Operators

The payment flow relies on MoonPay’s Commerce Checkouts technology, which supports both direct wallet connections and QR code-based transactions via mobile devices. Once a transaction is verified, the deposited cryptocurrency is automatically exchanged into U.S. dollars and credited to the player’s account.

This structure allows players to use digital assets without needing to manually convert them before placing wagers. Ivan Soto-Wright, MoonPay’s founder and CEO, described the broader aim of the partnership, stating: “Crypto rails are making payments faster and more efficient, and our job is to close the gap between this technology and real-world utility. 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.”

For gaming operators, the system provides multiple settlement options. Businesses can receive payments in stablecoins directly into their crypto wallets or choose settlement in U.S. dollars or other fiat currencies through MoonPay’s Virtual Accounts infrastructure.

The service integrates into the existing Paysafe Gateway, which already supports a range of payment methods including card transactions, the Skrill digital wallet, PaysafeCash, Pay by Bank, and more than 30 localized payment options.

Regulatory Landscape and Industry Shifts

The rollout comes at a time when cryptocurrency adoption in U.S. gaming remains uneven due to varying state regulations. Some jurisdictions, such as Wyoming, Colorado, and Virginia, allow certain forms of crypto-based account funding. Others maintain stricter rules or outright bans.

In some cases, regulators have permitted crypto-to-cash conversions. For example, authorities in Kentucky and Vermont have approved such mechanisms as “cash equivalents” for betting accounts. At the same time, regulators in Massachusetts have taken a more cautious stance, banning crypto conversions as a funding method due to concerns about oversight and potential financial risks.

Meanwhile, traditional payment methods are facing increased scrutiny. Several states, including Maine, Massachusetts, Vermont, Tennessee, and Illinois, have moved to restrict or prohibit the use of credit cards for online gambling. Major operators such as DraftKings, FanDuel, and BetMGM have already eliminated credit card usage for sports betting nationwide.

These regulatory changes have created an environment where alternative payment methods, including cryptocurrencies, may gain traction as operators look to adapt.

Paysafe’s introduction of Pay with Crypto builds on its broader strategy to expand payment flexibility for gaming operators. With decades of experience in payment technology and a global network spanning multiple industries, the company continues to diversify its offerings in response to shifting consumer behavior.