Paysafe (NYSE: PSFE) is taking crypto one step closer to everyday use with the launch of Pay with Crypto, a new payment solution for U.S. iGaming, daily fantasy sports, and broader ecommerce platforms.
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Powered by MoonPay, the global leader in crypto payments and stablecoin infrastructure, the integration enables users to deposit funds using stablecoins or major cryptocurrencies, which are instantly converted into U.S. dollars for gameplay or purchases.
The move embeds crypto payment rails directly into the infrastructure merchants already use, rather than requiring a separate onboarding process.
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Players simply select Pay with Crypto at checkout, connect their crypto or custodial wallet, and complete the transaction—often via QR code. Once confirmed, funds are quickly converted into USD and credited to their account.
By handling conversion instantly, the product eliminates the need for users to manually off-ramp their crypto before using it.
Crypto as a Payments Rail
The integration reflects a broader shift in how stablecoin infrastructure scales. Rather than going direct-to-consumer, MoonPay powers the crypto capability of an established payments platform, allowing merchants to accept crypto alongside cards, digital wallets, and bank transfers without additional integrations.
MoonPay’s Virtual Accounts powered by Iron provide merchants with flexibility, letting them settle transactions near-instantly in stablecoins to a crypto wallet, or in U.S. dollars or any major fiat currency—all through a single infrastructure provider.
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Growing Demand for Crypto Payments
Crypto adoption in the U.S. continues to rise. Around 70 million Americans now hold digital assets, and Paysafe’s research shows 83% of players are interested in using crypto for payments. This combination of ownership and intent is pushing platforms to expand beyond traditional payment methods.
Operators can upgrade their cashiers with Pay with Crypto through a streamlined integration of the Paysafe Gateway, leveraging the company’s 30 years of global payments experience. The Gateway already supports frictionless card payments, the Skrill digital wallet, the PaysafeCash eCash solution, a Pay by Bank product, and 30+ local payment methods.
Crypto Moves Toward Real-World Utility
Zak Cutler, President of Global Gaming at Paysafe, emphasized the shift, stating:
“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.”
Ivan Soto-Wright echoed this momentum, adding:
“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.”
Pay with Crypto shows how stablecoins and cryptocurrencies are moving from held assets to units of value for everyday transactions, bridging digital finance and real-world utility.
