Key Takeaways
- • Paysafe (NYSE:PSFE) launched Pay with Crypto, a cryptocurrency payment solution for U.S. iGaming operators and daily fantasy sports brands, powered by MoonPay technology and supporting USDC, stablecoins, and major cryptocurrencies.
- • The product enables players to fund accounts using crypto wallets, with automatic conversion to U.S. dollars for gameplay, while operators can choose settlement in stablecoins or fiat currencies through MoonPay's Virtual Accounts infrastructure.
- • Paysafe research indicates 83% of U.S. iGaming players express interest in crypto payment options, supported by broader market data showing approximately 70.4 million American adults own cryptocurrency.
- • The Pay with Crypto solution integrates seamlessly with Paysafe's existing Gateway infrastructure, which already includes card payments, Skrill digital wallet, PaysafeCash, Pay by Bank, and 30+ local payment methods.
- • Paysafe's stock trades at $6.81, down 51% over the past year; however, InvestingPro analysis suggests the equity is currently undervalued, trading below calculated fair value despite recent volatility.
Summary
Paysafe announced the launch of Pay with Crypto, a new payment solution designed to capture cryptocurrency adoption within the U.S. iGaming and daily fantasy sports sectors. The product, powered by MoonPay, addresses growing demand from players seeking alternative funding methods in regulated gaming markets. The timing reflects broader institutional recognition that cryptocurrency is transitioning from speculative investment asset to functional payment mechanism in the American gaming economy.
The technical architecture enables players to deposit using USD Coin (USDC), other stablecoins, and major cryptocurrencies through custodial or personal crypto wallets. MoonPay Commerce Checkouts technology supports QR code transactions for streamlined onboarding. Critically, deposits are immediately converted to U.S. dollars upon verification to comply with gaming regulations and operational requirements. This conversion mechanism addresses regulatory constraints while providing players the optionality of crypto funding.
Operators benefit from flexible settlement options: they can receive payments in stablecoins held in crypto wallets or convert to U.S. dollars and other fiat currencies through MoonPay's Virtual Accounts infrastructure powered by Iron. This dual-settlement structure accommodates both crypto-native and traditional finance-oriented operators. The Pay with Crypto offering integrates directly into Paysafe's existing Gateway platform, which consolidates card payments, the Skrill digital wallet, PaysafeCash, Pay by Bank, and 30+ localized payment methods.
Market demand underpins the product launch. Paysafe's research found that 83% of U.S. iGaming players express interest in crypto payment options, while broader market analysis indicates approximately 70.4 million American adults own cryptocurrency. According to Zak Cutler, President of Global Gaming at Paysafe, "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."
The announcement occurs as Paysafe stock trades at $6.81, reflecting a 51% decline over the past 12 months. Despite recent volatility, InvestingPro analysis suggests the equity trades below its calculated fair value, positioning it among undervalued equities—a potential positive signal for institutional investors evaluating the company's repositioning in high-growth fintech segments.
The technical architecture enables players to deposit using USD Coin (USDC), other stablecoins, and major cryptocurrencies through custodial or personal crypto wallets. MoonPay Commerce Checkouts technology supports QR code transactions for streamlined onboarding. Critically, deposits are immediately converted to U.S. dollars upon verification to comply with gaming regulations and operational requirements. This conversion mechanism addresses regulatory constraints while providing players the optionality of crypto funding.
Operators benefit from flexible settlement options: they can receive payments in stablecoins held in crypto wallets or convert to U.S. dollars and other fiat currencies through MoonPay's Virtual Accounts infrastructure powered by Iron. This dual-settlement structure accommodates both crypto-native and traditional finance-oriented operators. The Pay with Crypto offering integrates directly into Paysafe's existing Gateway platform, which consolidates card payments, the Skrill digital wallet, PaysafeCash, Pay by Bank, and 30+ localized payment methods.
Market demand underpins the product launch. Paysafe's research found that 83% of U.S. iGaming players express interest in crypto payment options, while broader market analysis indicates approximately 70.4 million American adults own cryptocurrency. According to Zak Cutler, President of Global Gaming at Paysafe, "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."
The announcement occurs as Paysafe stock trades at $6.81, reflecting a 51% decline over the past 12 months. Despite recent volatility, InvestingPro analysis suggests the equity trades below its calculated fair value, positioning it among undervalued equities—a potential positive signal for institutional investors evaluating the company's repositioning in high-growth fintech segments.
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