• Home
• Paysafe Adds Crypto Deposits for U.S. iGaming Brands

Paysafe Adds Crypto Deposits for U.S. iGaming Brands

Paysafe Introduces Crypto Deposits for U.S. iGaming Brands – MoonPay Integration Expands Payment Options for Players and Operators

Key Takeaways

• Paysafe has launched a new crypto deposit option for U.S. iGaming and daily fantasy sports brands.
• The product, called Pay with Crypto, is powered by MoonPay infrastructure.
• Players can use USDC, other stablecoins, and major cryptocurrencies, with funds converted into U.S. dollars for gameplay where permitted.
• Operators can choose to settle transactions in stablecoins or fiat currencies.
• The new feature is integrated into Paysafe Gateway alongside cards, digital wallets, eCash, Pay by Bank, and more than 30 local payment methods.

Paysafe Adds Crypto Deposits to Its U.S. iGaming Payment Offering

Paysafe announced on April 7 that it has introduced a cryptocurrency deposit option for U.S. iGaming and daily fantasy sports brands. The new feature, branded Pay with Crypto, enables players to fund their gaming accounts using digital assets.

According to the company, the service allows users to deposit USDC, other stablecoins, or major cryptocurrencies. Once the transaction is completed, the deposited amount is converted into U.S. dollars for gameplay, where permitted under applicable rules. This means that players can use digital assets as a funding source without directly wagering in cryptocurrency.

The crypto functionality is embedded within Paysafe Gateway, the company’s existing payment platform. Gateway already supports traditional card payments, digital wallets, eCash solutions, Pay by Bank options, and more than 30 local payment methods. With the addition of crypto deposits, operators using the Gateway can offer another funding alternative without integrating a separate external system.

MoonPay Provides the Underlying Infrastructure

The Pay with Crypto feature is powered by MoonPay infrastructure. Through this integration, players can connect a crypto wallet or scan a QR code to initiate a transaction. Funds are transferred directly from the user’s wallet and credited to the gaming account after conversion into U.S. dollars.

The process removes the need for players to conduct a separate crypto-to-cash conversion before depositing. Instead of converting digital assets on an exchange or third-party service and then transferring fiat funds, users can complete the transaction within the payment flow offered by the operator.

For operators, the MoonPay integration also determines how settlements are handled. Paysafe stated that operators can choose whether to settle transactions in stablecoins or in fiat currencies. This provides flexibility in how funds are ultimately received and managed at the operator level.

Player Demand Cited as a Driver for the Launch

Paysafe linked the introduction of crypto deposits to growing digital asset adoption in the United States. The company cited a figure of approximately 70.4 million American adults who own cryptocurrency. In addition, Paysafe referenced its own research, which found that 83 percent of U.S. players are interested in using crypto as a payment method.

These figures form part of the rationale for integrating crypto into its iGaming payment offering. By enabling deposits in stablecoins and other major cryptocurrencies, the company positions the feature as a response to user demand rather than as a niche add-on.

For players who already hold digital assets, the ability to deposit directly from a crypto wallet may reduce friction in the funding process. For operators, offering crypto as an additional deposit option may align their payment portfolio with changing user preferences.

How the Conversion Model Works for Gameplay

A key aspect of the new product is that all deposits are converted into U.S. dollars for play, where allowed. This means that the gaming activity itself continues to operate in fiat currency, even if the initial deposit was made in crypto.

The structure separates the funding method from the currency used for wagering. Players use crypto as the source of funds, but their account balance is denominated in U.S. dollars once credited. This approach allows operators to maintain existing pricing, accounting, and gameplay systems that are based on fiat currency.

At the same time, the option for operators to settle in stablecoins or fiat currencies provides an additional layer of flexibility at the back end. While players interact with a dollar balance, the operator can decide how to receive and manage the underlying settlement.

Integration Within Paysafe Gateway

The inclusion of Pay with Crypto within Paysafe Gateway means that the new feature is part of an established payment environment. Gateway already supports a range of payment methods, including cards, digital wallets, eCash solutions, and Pay by Bank, as well as more than 30 local payment options.

For operators already connected to Gateway, adding crypto deposits does not require a standalone integration with a separate crypto payment provider. Instead, the functionality is embedded within the broader payment infrastructure.

For players, the process is presented as a standard deposit option alongside other available methods. The ability to connect a wallet or scan a QR code is integrated into the existing deposit flow.

Our Assessment

Paysafe has expanded its U.S. iGaming and daily fantasy sports payment offering by introducing a MoonPay-powered crypto deposit option. Players can fund accounts with USDC, other stablecoins, or major cryptocurrencies, with deposits converted into U.S. dollars for gameplay where permitted. Operators using Paysafe Gateway can offer this feature alongside existing payment methods and can choose to settle transactions in stablecoins or fiat currencies. The launch reflects cited data on U.S. crypto ownership and stated player interest in digital asset payments.