Paysafe Launches Crypto Deposit Options for U.S. Gaming Brands

(AsiaGameHub) –   Paysafe is introducing cryptocurrency deposits for U.S. iGaming and daily fantasy sports operators via a new payment option powered by MoonPay. This product, named Pay with Crypto, allows players to utilize USDC, other stablecoins, or major cryptocurrencies, with their deposits automatically converted into U.S. dollars for gameplay where permitted.

The process is designed for ease of use. Players can link a crypto wallet or scan a QR code to send funds, with the money appearing in their account without requiring a separate crypto-to-cash conversion step on their part. Paysafe stated that this new functionality is integrated into its Gateway, which already accommodates a range of payment methods including cards, digital wallets, eCash, Pay by Bank, and over 30 regional payment options.

The introduction of this feature is driven by market demand. Paysafe reported that approximately 70.4 million American adults own cryptocurrency, and its own research indicated that 83% of U.S. players are interested in using crypto for payments.

Operators also have flexibility in how they receive settlements. Utilizing MoonPay’s infrastructure, they can choose to settle in stablecoins or fiat currencies. Paysafe announced the launch of this new service on April 7.