Paysafe Pay with Crypto Goes Live for US iGaming

Paysafe has launched a new crypto deposit solution for online gambling operators in the United States. Called Pay with Crypto, the product lets players fund their accounts using stablecoins or other digital assets, with no manual conversion required. It targets online sportsbooks, casinos, and daily fantasy sports platforms in states where crypto-based deposits are permitted.

What Pay with Crypto Actually Does

The product works through a partnership with MoonPay, a fintech company whose Commerce Checkouts technology powers the payment flow. Players connect a crypto wallet or custodial wallet, select their preferred digital asset, and complete the transaction. Supported options include USD Coin (USDC), other stablecoins, and a range of widely used cryptocurrencies. Once the deposit clears, the crypto converts automatically to US dollars and lands in the player’s account.

For operators, settlement is flexible. Businesses can receive funds in stablecoins directly to a crypto wallet, or opt for USD and other fiat currencies through MoonPay’s Virtual Accounts infrastructure. The solution plugs into the existing Paysafe Gateway, which already supports Skrill, PaysafeCash, Pay by Bank, card payments, and more than 30 localized payment options.

Why Paysafe Is Launching This Now

The timing is deliberate. Paysafe’s own research found that 83% of US online gamblers want cryptocurrency as a funding option, and around 70.4 million American adults currently hold digital assets. Demand has been building for some time. But the credit card situation has accelerated things considerably.

Several states, including Maine, Massachusetts, Vermont, Tennessee, and Illinois, have moved to restrict or outright ban credit card use for online gambling. Major operators like DraftKings, FanDuel, and BetMGM have already removed credit cards from their sports betting platforms nationwide. That creates a real gap in available deposit methods, and alternative payment solutions are moving to fill it.

Crypto is not a clean fix everywhere. State-level rules vary significantly. Wyoming, Colorado, and Virginia allow certain crypto-based funding. Kentucky and Vermont have approved crypto-to-cash conversions as cash equivalents for betting accounts. Massachusetts, however, has banned crypto conversions as a deposit method entirely, citing oversight concerns. Paysafe Pay with Crypto will operate only in jurisdictions where the regulatory environment permits it.

The Broader Shift Behind the Product

This launch is not just about adding another payment method to a list. It reflects a real change in how players want to move money. Stablecoins in particular have matured considerably as a payments instrument. They offer the speed and borderless nature of crypto without the price volatility that made earlier digital assets impractical for everyday transactions.

MoonPay’s involvement brings established crypto infrastructure to the product. Their technology handles wallet connections, QR code-based mobile deposits, and the conversion layer that operators rely on. For players, the experience is designed to be straightforward: select the asset, connect the wallet, confirm the deposit.

Paysafe has operated in payment technology for decades and serves multiple industries globally. Adding crypto capability to its iGaming stack positions the company to serve a US market that is clearly moving toward more diverse deposit options. Whether regulators across all key states will eventually align on crypto funding rules remains an open question. For now, Pay with Crypto gives operators in permitted jurisdictions a compliant, structured path to offer digital asset deposits.