Paysafe Launches Crypto Payments for US Gaming Sector

Paysafe has introduced a cryptocurrency-based payment solution aimed at iGaming operators and daily fantasy sports platforms in the United States. The service, branded as Pay with Crypto, has been developed in collaboration with MoonPay and is designed to enable players to fund their gaming accounts using digital assets where regulations permit.

The company indicated that the launch reflects the increasing role of cryptocurrency in everyday financial transactions. Internal data cited by Paysafe suggested that tens of millions of Americans currently hold digital assets, while a significant majority of players have expressed interest in using crypto as a payment method. The findings also pointed to the growing prevalence of online betting, with more than half of participants in major sporting events reportedly placing wagers through digital platforms.

Industry Shift from Investment to Utility

According to Zak Cutler, the rise of stablecoins and broader crypto adoption is driving a transition in how digital assets are perceived in the United States. He explained that cryptocurrency is increasingly moving beyond its traditional role as an investment vehicle and is becoming a practical tool for payments.

Cutler conveyed that the introduction of Pay with Crypto is intended to help gaming operators align with evolving customer expectations. He emphasized that the solution is designed to support the future of transactions within the gaming sector by offering a modern and flexible payment alternative.

Seamless Transactions and Instant Conversion

Paysafe’s new feature allows users to deposit funds using cryptocurrencies, which are then converted into US dollars almost instantly. Once players select the crypto payment option and choose their preferred digital asset, they can connect their wallets to complete the transaction. The integration also supports QR code-based payments on mobile devices, enhancing convenience for users.

The company explained that once a transaction is verified, the deposited cryptocurrency is immediately converted into fiat currency and credited to the user’s account. This process enables players to begin gameplay without delays, eliminating the need to manually convert assets before making deposits.

Flexible Settlement Options for Operators

The solution also offers multiple settlement options for gaming operators. Businesses can choose to receive payments in stablecoins through their crypto wallets or opt for traditional fiat settlements, including US dollars and other major currencies. These transactions are facilitated through MoonPay’s infrastructure, which provides both crypto and fiat processing capabilities.

Ivan Soto-Wright indicated that cryptocurrency-based payment rails are improving transaction speed and efficiency across industries. He explained that the company aims to bridge the gap between blockchain technology and real-world use cases, making it easier for consumers to use their digital assets directly for purchases.

He further suggested that users increasingly prefer to transact using the assets they already hold rather than converting them into fiat currency beforehand. By partnering with Paysafe, MoonPay is extending this capability to a wider audience through regulated and trusted platforms.

Expanding Crypto Adoption in Gaming

The launch of Pay with Crypto highlights a broader trend toward integrating blockchain-based payment systems into mainstream industries. As demand for faster and more flexible payment methods continues to grow, companies are exploring ways to incorporate digital assets into existing financial ecosystems.

Paysafe’s initiative underscores the potential for cryptocurrency to play a more prominent role in the gaming sector, offering both players and operators enhanced convenience and efficiency. By combining instant conversion, flexible settlements, and user-friendly interfaces, the solution is positioned to support the ongoing evolution of digital payments in the United States.

The post Paysafe Launches Crypto Payments for US Gaming Sector appeared first on CoinTrust.