egamers77d ago
In Brief: Pay with Crypto Launched: Paysafe introduces a new payment option called Pay with Crypto for US iGaming and fantasy sports platforms, allowing cryptocurrency payments that are automatically converted to US dollars. Crypto Preferences: Research shows that 83% of US players prefer crypto for funding gaming accounts, highlighting significant demand. Ease of Transaction: With MoonPay’s technology, players experience effortless payment processes using QR codes and simple wallet connections. Paysafe Rollout of Pay with Crypto Paysafe, a leading global payments provider, officially launched Pay with Crypto on April 7, 2026, specifically targeting iGaming and daily fantasy sports operators in the U.S. This new functionality enables players to use stablecoins and major cryptocurrencies for deposits. These digital assets are instantly converted into U.S. dollars at the moment of transaction. Emerging Market Demand With about 70.4 million American adults owning cryptocurrencies, there is an acknowledged shift from merely holding crypto as an asset to using it in everyday transactions. Paysafe’s research underscores this trend with a staggering 83% of U.S. players indicating a preference for cryptocurrencies as their top funding method for gaming activities. Simplified Payment Process The payment integration designed by Paysafe offers a seamless experience for users. Gamers can choose the Pay with Crypto option at the cashier, pick their desired cryptocurrency, and complete the process by connecting with their crypto or custodial wallet. Enhanced by MoonPay’s Commerce Checkout technology, the system further simplifies payments, including the option to scan QR codes for faster processing. Immediate conversion of cryptocurrencies into U.S. dollars is not only convenient for players but also safeguards operators from crypto-market volatility. Operator Benefits and Flexibility For operators, the integration into Paysafe Gateway means no need for additional infrastructure. It allows a blend of crypto and traditional payment systems within a single streamlined operational channel. The feature offers settlement choices, including immediate receipt in stablecoins or conversions and settlements in fiat through MoonPay's Virtual Accounts. This flexibility bolsters the iGaming providers' capabilities to either hold digital assets or operate completely within traditional financial systems. Integration and Compliance Seamlessly merging with Paysafe’s well-established payment gateway, Pay with Crypto eliminates the need for separate cryptocurrency payment solutions. MoonPay handles direct wallet interactions, compliance, and backend settlements, ensuring that the integration is smooth and meets industry regulatory standards. Trends and Regulatory Landscape The introduction of Pay with Crypto corresponds with ongoing changes in regulation concerning digital assets, including those outlined in the GENIUS Act and the Clarity Act in the U.S. These developments are crafting a more structured legal framework for cryptocurrencies and are improving the viability of crypto payments within regulated gaming sectors. About MoonPay MoonPay, founded in 2019, is a prominent fintech firm facilitating the bridge between fiat currencies and digital assets across 180 countries, supporting major enterprise clients in the crypto and fintech areas. The company boasts significant regulatory credentials, including the possession of a New York BitLicense and MiCA authorization in the EU, solidifying its role as a trusted partner in the financial technology space.
