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(AsiaGameHub) –   A new product, developed with MoonPay, now allows players to easily fund their accounts using stablecoins and cryptocurrencies across iGaming and daily fantasy sports platforms.

Global payments provider Paysafe has introduced Pay with Crypto, a novel cryptocurrency payment solution for U.S. iGaming and daily fantasy sports operators. This service, leveraging MoonPay’s expertise in global crypto payments and stablecoin infrastructure, enables customers of iGaming brands to conveniently deposit funds into their player accounts using their chosen stablecoin or cryptocurrency, subject to regulatory allowances.

Responding to significant market demand, Paysafe launched Pay with Crypto, citing approximately 70.4 million American adults owning cryptocurrency and its own research showing 83% of U.S. players desire crypto payment options. This new payment feature for operators’ cashiers facilitates quick conversion of crypto deposits—whether USD Coin (USDC), other stablecoins, or major cryptocurrencies—into U.S. dollars, allowing players to begin gameplay immediately.

To use the service, players select Pay with Crypto, choose their desired stablecoin or cryptocurrency, and then link their crypto or custodial wallet to complete the deposit. MoonPay’s Commerce Checkouts technology also offers QR code support for mobile transactions. Following verification, Pay with Crypto immediately converts the cryptocurrency deposit into U.S. dollars, crediting the player’s account.

The Pay with Crypto solution offers operators considerable flexibility, allowing them to settle payments nearly instantly in stablecoins directly to their business’s crypto wallet, or opt for settlement in U.S. dollars or other major fiat currencies via MoonPay’s Virtual Accounts, which are powered by Iron.

Operators can integrate Pay with Crypto into their cashier systems through a single, efficient integration with the Paysafe Gateway. This Gateway, specifically designed for iGaming and backed by Paysafe’s three decades of global experience, already supports seamless card payments, the Skrill digital wallet, PaysafeCash eCash, a Pay by Bank option, and over 30 local payment methods. The inclusion of Pay with Crypto further expands Paysafe’s diverse offerings, addressing changing transactional demands.

Zak Cutler, Paysafe’s President of Global Gaming, stated: “Driven by the increasing adoption of stablecoins, cryptocurrency in the U.S. is transitioning from an investment vehicle to a recognized unit of value for transactions, a trend rapidly accelerating within the nation’s iGaming sector. In light of this, we are pleased to introduce Pay with Crypto, an innovative solution that effectively prepares U.S. operators for their customers’ evolving payment habits—representing the future of how they will pay to play.”

Ivan Soto-Wright, Founder and CEO of MoonPay, remarked: “Cryptocurrency infrastructure is enhancing payment speed and efficiency, and our mission is to bridge the divide between this technology and practical application. Consumers should not be required to convert their digital assets merely to make a purchase; they prefer to utilize what they already possess. Paysafe extends this capability to a broader audience through secure, regulated platforms.”