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NewProducts
Paysafe and connect either a crypto or custodial wallet to complete
the transaction.
Pay with Crypto
https://www.paysafe.com MoonPay Commerce Checkout technology also supports
QR-code-based payments through mobile devices. Once
verified, deposits are converted into U.S. dollars to fund
player accounts.
The platform also offers flexibility for operators, Paysafe
pointed out. Businesses can settle payments almost
instantly in stablecoins through a crypto wallet or receive
settlement in U.S. dollars or other major fiat currencies
through MoonPay's Virtual Accounts infrastructure
powered by Iron.
According to Paysafe, operators can add Pay with Crypto
Expand iGaming through a single integration with the Paysafe Gateway, the
company's payment platform developed specifically for
iGaming. The gateway already supports card payments,
payments with crypto the Skrill digital wallet, PaysafeCash eCash, Pay by Bank
capabilities and more than 30 local payment methods.
Zak Cutler, president of global gaming at Paysafe, said
aysafe introduced Pay with Crypto, a new pay- the growing popularity of stablecoins is accelerating
ment option designed to allow U.S. iGaming cryptocurrency's role in payments within the U.S. gaming
operators and daily fantasy sports brands to market.
P accept stablecoin and cryptocurrency deposits
from players where permitted. MoonPay Founder and CEO Ivan Soto-Wright emphasized
the growing push to make digital assets usable in everyday
Developed in partnership with MoonPay, Pay with Crypto commerce. He said consumers increasingly want to spend
enables players to use stablecoins such as USD Coin cryptocurrency directly rather than converting it before
(USDC) and other major cryptocurrencies to fund gaming making purchases.
accounts. The solution is designed to simplify crypto
payments while allowing operators to continue receiving The launch continues Paysafe's broader effort to diversify
settlement in either fiat currency or stablecoins. payment options for gaming operators as consumer
payment preferences evolve. To learn more, see https://
Paysafe said the launch reflects growing consumer interest www.paysafe.com.
in cryptocurrency as a payment method rather than
solely an investment asset. The company cited research
estimating that more than 70 million American adults
own cryptocurrency, while Paysafe research found that 83
percent of U.S. players have interest in crypto payments.
Players using the new option select Pay with Crypto within
the operator's cashier, choose their preferred digital asset,
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