Global payments company Paysafe has introduced a new digital payment solution called “Pay with Crypto,” allowing users to fund online gaming and fantasy sports accounts using cryptocurrencies.
The feature, announced, is designed for iGaming operators and daily fantasy sports platforms in the United States, giving players the option to deposit funds using stablecoins and other major cryptocurrencies. Once a transaction is completed, the digital assets are instantly converted into U.S. dollars so users can begin playing immediately.
How the New Payment System Works
The payment tool is powered by crypto payments infrastructure provider MoonPay, which handles the transaction process behind the scenes. Players selecting the “Pay with Crypto” option can connect their digital wallets or scan a QR code to complete deposits quickly.
After verification, the cryptocurrency used for the transaction is automatically converted into U.S. dollars before reaching the gaming account. This approach allows platforms to support crypto payments without directly managing blockchain transactions or price volatility.
Operators also have flexibility in how they receive the funds. Depending on their preference, businesses can settle payments in stablecoins, U.S. dollars, or other fiat currencies through MoonPay’s infrastructure.
Responding to Growing Crypto Demand
Paysafe says the new payment option reflects the growing demand for cryptocurrency-based transactions in the gaming sector. Research cited by the company shows that around 70 million adults in the United States own cryptocurrency, while roughly 83% of players expressed interest in using crypto for gaming payments.
Zak Cutler, President of Global Gaming at Paysafe, noted that digital assets are gradually evolving from purely investment tools into practical payment options within the online gaming industry.
The launch also highlights a broader shift across the payments industry, where crypto is increasingly being integrated into traditional financial infrastructure.
Paysafe, a multinational payments platform founded in 1996, provides digital wallets, payment processing services, and online cash solutions used across multiple industries including gaming and e-commerce.
By introducing Pay with Crypto, the company is positioning itself to support a new generation of users who prefer digital assets as a faster and more flexible way to transact online.