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Paysafe (NYSE: PSFE) has launched Pay with Crypto, a new crypto deposit method for iGaming operators and daily fantasy sports brands in the US, powered by MoonPay.
How It Works
Players select Pay with Crypto in the operator cashier, connect their crypto or custodial wallet, and choose a stablecoin or cryptocurrency to deposit. The deposit is converted instantly to US dollars, with funds credited to the player account. MoonPay’s Commerce Checkouts technology also supports QR code-based transactions via mobile.
For operators, settlement is flexible: almost instant in stablecoins direct to a business crypto wallet, or in US dollars or any major fiat currency. The integration is available through a single connection to the Paysafe Gateway, which already supports card payments, the Skrill digital wallet, PaysafeCash eCash, Pay by Bank, and 30+ local payment methods.
The Demand Case
Around 70.4 million American adults hold cryptocurrency, according to figures cited by Paysafe. The company’s own research puts the share of US players interested in using crypto for payments at 83%. Paysafe’s North American iGaming business posted 50% processing revenue growth in 2025, with record transaction volumes during the US football season.
The product targets a structural gap in regulated US iGaming: direct crypto payments have been restricted by volatility risk and compliance friction. By converting deposits to dollars at checkout, Pay with Crypto removes treasury exposure for operators and sidesteps the volatility problem without requiring changes to existing payment infrastructure.
What Paysafe and MoonPay 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.
— Zak Cutler, President of Global Gaming, Paysafe
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.
— Ivan Soto-Wright, Founder and CEO, MoonPay
Market Context
Paysafe processed $167 billion in transactions in 2025 across approximately 2,800 employees in 12 countries. The Gateway platform was built specifically for iGaming and has been developed over 30 years of payments experience. The crypto deposit launch follows a broader operator trend of expanding cashier options to improve conversion and retention, a direction Cutler flagged in a February 2025 interview: payments, he argued, are a strategic growth driver rather than a back-end operational function.
Pay with Crypto is available to US iGaming and daily fantasy sports operators where crypto deposits are permitted under applicable state regulations. The launch does not extend to other Paysafe markets at this stage.
For related coverage, see Caesars Entertainment Q4 2025 earnings and BetMGM’s record FY 2025 results, both of which reflect the scale of the US iGaming market Paysafe is targeting.
Source: Paysafe
