Paysafe Expands Crypto Payments for US iGaming with MoonPay Partnership
Event summary
- Paysafe launched 'Pay with Crypto' for US iGaming operators, enabling crypto deposits via MoonPay's infrastructure.
- The solution supports stablecoins and major cryptocurrencies, converting deposits instantly to USD for gameplay.
- Paysafe cites 83% of US iGaming players expressing interest in crypto payment options.
- Operators can settle payments in stablecoins or major fiat currencies through MoonPay's Virtual Accounts.
The big picture
Paysafe's move reflects the growing demand for crypto payment solutions in the US iGaming sector, where approximately 70.4 million adults own cryptocurrency. The partnership with MoonPay positions Paysafe to capitalize on this trend, though success will depend on regulatory clarity and operator adoption rates. The solution's ability to convert crypto to USD instantly addresses key friction points for both players and operators.
What we're watching
- Adoption Pace
- How quickly US iGaming operators integrate Pay with Crypto and whether player uptake meets Paysafe's expectations.
- Regulatory Dynamics
- Whether evolving crypto regulations in the US could impact the viability of Paysafe's solution.
- Competitive Response
- How rival payments platforms react to Paysafe's crypto offering in the iGaming space.
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