Paysafe has just launched Pay with Crypto, a new payment method that lets US iGaming and daily fantasy sports operators accept cryptocurrency deposits. It’s a move grounded in real demand. The numbers back it up: 70.4 million Americans now hold crypto, and 83% of US players want to use it for gaming funds.

Why Now?

Timing matters here. Stablecoins have matured quite a bit, shifting crypto away from pure investment speculation and toward something genuinely useful for transactions. Paysafe’s research found that over half of Super Bowl bettors used online payment methods during the recent event. That signals real momentum in digital payment adoption across gaming.

How It Works

The process is straightforward. Players select Pay with Crypto at the cashier, pick their preferred stablecoin or cryptocurrency, and connect their wallet. MoonPay handles the commerce layer, including QR code payments on mobile. The clever bit? Deposits convert instantly to USD and hit the account right away. No waiting, no friction. That’s what operators are after.

Settlement flexibility matters for the house too. Operators can take payouts almost instantly in stablecoins via their own wallets, or receive US dollars and other fiat currencies through MoonPay’s Virtual Accounts infrastructure.

The Partnership Angle

This is a genuine collaboration. Zak Cutler, President of Global Gaming at Paysafe, framed it as meeting evolving customer preferences. MoonPay’s Ivan Soto-Wright positioned it differently: bridging the gap between crypto technology and real-world utility, letting consumers spend what they already hold rather than converting first.

For operators, it’s another option in the arsenal. Crypto acceptance taps into a specific player segment that’s grown considerably and shows no sign of stopping. Whether it becomes mainstream or stays niche depends on regulatory changes. Either way, Paysafe’s clearly betting it’ll matter.