Finally, a Use Case That Isn't Just HODLing: Paysafe Lets U.S. Gamblers Spend Crypto Directly

Paysafe is dragging crypto kicking and screaming into the real world with Pay with Crypto, a new payment solution for U.S. iGaming and daily fantasy sports platforms. Powered by MoonPay, the product lets users deposit using stablecoins or major cryptos, which get instantly converted into U.S. dollars for gameplay. Because apparently, some of us want to lose money in ways that involve blockchain confirmation times.

The experience is designed to remove friction—those annoying speed bumps that make actually spending your bags feel like pulling teeth. Players simply select the crypto option at checkout, connect their wallet, and complete the transaction—often via QR code. Once confirmed, funds are quickly converted into USD and credited to their account. By handling conversion instantly, the product eliminates the need for users to manually off-ramp their crypto before using it. No more Excel spreadsheets tracking your gas fees just to buy a parlay.

The launch comes as crypto adoption in the U.S. continues to grow. Around 70 million Americans now hold digital assets, and Paysafe's research shows 83% of players are interested in using crypto for payments. That's a lot of degens with opinions about payment rails. That combination of ownership and intent is pushing platforms to expand beyond traditional payment methods.

While the front-end experience is simple, the backend flexibility is key. Operators can upgrade their cashiers with Pay with Crypto through a single, streamlined integration of the Paysafe Gateway, which has been developed specifically for iGaming and leverages the company's 30 years of global payments experience. The Gateway already supports frictionless card payments, the Skrill digital wallet, the PaysafeCash eCash solution, a Pay by Bank product, and 30+ local payment methods. Basically, they're giving operators a payment buffet.

Zak Cutler, President of Global Gaming at Paysafe, emphasized the shift: "Galvanized by the growing popularity of stablecoins, cryptocurrency is evolving in the U.S. from an investment asset into a unit of value for payments, and we're seeing this shift gather pace in the country's iGaming market. 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." Nothing says "financial revolution" quite like betting on the Warriors with USDT.

Ivan Soto-Wright echoed this momentum, adding: "Crypto rails are making payments faster and more efficient, and our job is to close the gap between this technology and real-world utility. People shouldn't have to convert their digital assets just to make a purchase—they want to use what they already have. Paysafe brings that experience to more people through trusted, regulated platforms." Translation: we finally found a use case that isn't just buying NFTs of bored apes.

As stablecoins and crypto payments gain traction, Paysafe's latest rollout highlights a clear trend: crypto is evolving from something users hold into something they actively use. Somewhere, a maxi's tears are finally being converted into utility.