The company’s new Pay with Crypto payment method lets iGaming brands’ customers fund their player accounts with stablecoins or cryptocurrency, where permitted, and then converts that crypto deposit to U.S. dollars to allow play, Paysafe said in a Tuesday (April 7) press release.
The solution is powered by global crypto payments and stablecoin infrastructure firm MoonPay, according to the release.
For operators, Pay with Crypto offers a choice of settling payment almost instantly in stablecoins in their business’s crypto wallet or settling in U.S. dollars or any major fiat currency, per the release.
The use of cryptocurrency is evolving from investment to payments, Zak Cutler, president of global gaming at Paysafe, said in the release.
“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.
Advertisement: Scroll to Continue
MoonPay Founder and CEO Ivan Soto-Wright said in the release that crypto rails make payments faster and more efficient.
“People shouldn’t have to convert their digital assets just to make a purchase — they want to use what they already have,” Soto-Wright said. “Paysafe brings that experience to more people through trusted, regulated platforms.”
Pay with Crypto joins several other payment methods enabled by Paysafe Gateway, which was developed specifically for iGaming. Paysafe Gateway also enables card payments, the Skrill digital wallet, the PaysafeCash eCash solution, a Pay by Bank product and more than 30 local payment methods, according to the release.
Payments increasingly sit at the center of a makeover of the sector in which sportsbooks and online gaming platforms compete for player loyalty, Cutler told PYMNTS in an interview posted in February 2025.
“Payments aren’t just a back-end function — they’re a strategic growth driver,” Cutler said. “The more seamless the process, the higher the conversion, retention and overall user satisfaction. That’s where the industry is headed.”
Paysafe reported in March that volumes in iGaming during the U.S. football season reached record levels, underscoring steady demand in entertainment-driven categories.
In 2025, the company’s North American iGaming business saw 50% processing revenue growth, Paysafe said in a March 3 earnings report.
