Paysafe introduces crypto payment solution for U.S. iGaming and DFS operators

• Pay with Crypto is the newest, innovative and seamless solution from Paysafe
• Catering to daily fantasy sports and iGaming operators, the solution enables depositing with popular cryptocurrencies and stablecoins
• With millions of Americans owning cryptocurrency, there’s a growing interest in gambling with crypto

The global payments platform, Paysafe, continues to grow its portfolio of products for iGaming operators.

Earlier this week, the payments company announced the launch of its new crypto payment method called Pay with Crypto.

Pay with Crypto supports popular cryptocurrencies and stablecoins

The innovative payments platform’s new payment method can be used by online gambling and daily fantasy sports operators across the United States.

The technology, powered by the leading global crypto payments and stablecoins infrastructure, MoonPay, enables the customers of iGaming brands to seamlessly deposit stablecoins and popular cryptocurrencies.

As a result, players interested in using crypto for gambling activities will be able to do so easily.

Tapping into the new solution from Paysafe, players need to select their preferred cryptocurrency or stablecoins and then collect their custodial or crypto wallet to complete the deposit.

Thanks to the MoonPay Commerce Checkouts technology, users can confirm the transaction via QR code.

Once the transaction is verified, the new technology automatically converts crypto deposits into U.S. currency, funding the player’s gambling account.

The solution fits perfectly the demand of the U.S. market

Ivan Soto-Wright, MoonPay’s Founder and CEO, shared his excitement about the latest announcement, Casino Guru News learned from a press release.

"Crypto rails are making payments faster and more efficient, and our job is to close the gap between this technology and real-world utility," he said.

Moreover, Soto-Wright pointed out: "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."

Zak Cutler, Paysafe’s President of Global Gaming, acknowledged the growing popularity of crypto across the country.

While he said that some users view cryptocurrency as an investment asset, there’s a growing number of people who value crypto for payments.

With some of those individuals shifting to the online gambling industry, the new product addresses a particular niche.

"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," Cutler said in conclusion.

The launch of the new crypto payments solution comes at a time when an estimated 70.4m American adults own cryptocurrency.

At the same time, according to Paysafe data, 83% of the U.S. players are interested in making payments with crypto, which is why Pay with Crypto addresses a growing demand.

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