Paysafe Powered by MoonPay’s New Crypto Payment Feature Is About to Transform Online Gaming
Paysafe has rolled out a new crypto payment option for U.S. iGaming and daily fantasy sports operators, using MoonPay’s infrastructure to support deposits in major cryptocurrencies and stablecoins with automatic conversion into U.S. dollars.
The product, branded Pay with Crypto, sits within the Paysafe Gateway. It allows players to deposit using digital assets while operators receive settlement in either fiat or stablecoins. Conversion happens at the point of transaction, meaning operators are not exposed to crypto price swings on their balance sheets.
Extending payment optionality without adding treasury risk
The move reflects a broader shift in how U.S. consumers are engaging with digital payments, but for operators, the real value is in how the product works rather than how many users demand it.
By converting crypto instantly into USD, Paysafe removes one of the main barriers that has held back crypto adoption in regulated betting: treasury and compliance risk. Operators don’t need to hold or manage crypto directly, which simplifies both accounting and regulatory exposure.
At the same time, the option to settle in either fiat or stablecoins gives operators some flexibility in how they manage liquidity. In practice, this positions the product less as a crypto-native solution and more as a payments abstraction layer that sits on top of existing cashier systems.
Incremental gains in conversion, not a step-change in payments mix
While Paysafe points to growing consumer interest in crypto payments, it’s still unclear how much overlap exists between crypto users and fully verified, regulated betting customers.
As a result, Pay with Crypto is unlikely to materially change the overall deposit mix in the short term. Instead, it’s better understood as a tool for incremental gains-particularly among specific user segments.
Its most practical use cases include:
- reducing friction for players who already hold crypto
- capturing deposits that might otherwise happen off-platform
- improving first-time deposit rates among younger or more tech-focused users
Competitive positioning in an increasingly fragmented cashier stack
The addition strengthens Paysafe’s positioning as a full-service cashier provider at a time when operators are spreading risk across multiple payment methods, including cards, open banking and alternative wallets.
That said, long-term differentiation will depend on execution. Key factors include pricing compared to card and account-to-account rails, approval rates, and how regulators across different U.S. states treat crypto-linked payment flows.
MoonPay’s role gives Paysafe a faster route to market, but it also puts the company into more direct competition with other providers building similar crypto-to-fiat layers into their payment stacks.
Integration-led strategy, not product innovation
From an operational standpoint, the main selling point is ease of integration. Because Pay with Crypto is delivered through the existing Paysafe Gateway, operators can add it without reworking their cashier infrastructure.This fits into a broader supplier trend: consolidating multiple payment options into a single integration layer, helping operators reduce complexity and avoid reliance on multiple fragmented vendors.
Source: Paysafe
