We're excited to announce that Paysafe has launched Pay with Crypto, a new crypto payment method for iGaming operators and daily fantasy sports brands in the U.S., powered by MoonPay.
Paysafe is a global payments platform that enables businesses and consumers to transact across payment types, dozens of currencies, and industries. It spans digital wallets, online cash solutions, and payment processing.
Pay with Crypto allows players to fund their accounts using their preferred stablecoin or cryptocurrency, where permitted. MoonPay powers the full payments stack behind the experience. MoonPay Commerce powers the checkout experience, enabling players to fund their accounts with their preferred stablecoin or cryptocurrency, instantly converted to U.S. dollars. Operators can also settle in stablecoins, U.S. dollars, or other major fiat currencies through MoonPay's Virtual Accounts powered by Iron.
The launch comes as cryptocurrency evolves into a practical unit of value for everyday payments. The U.S. iGaming market is an early proving ground for this transition, with stablecoin-based payment flows gaining meaningful traction among players and operators alike.
"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," said Zak Cutler, President of Global Gaming at Paysafe. "We're delighted to unveil Pay with Crypto, a forward-thinking solution that strongly positions U.S. operators for their customers' changing transactional preferences."
“Crypto rails are making payments faster and more efficient, and our job is to close the gap between this technology and real-world utility” said Ivan Soto-Wright, Founder and CEO of MoonPay. “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.”