Paysafe Expands Payment Options with Cryptocurrency Support

Paysafe, a leading global payments platform, has expanded its services to include digital assets as payment options for US iGaming operators. The new 'Pay with Crypto' product allows players to fund their accounts using stablecoins and cryptocurrencies, marking a significant step towards mainstream adoption in the industry.

The launch of Pay with Crypto comes on the heels of regulatory approvals for DraftKings to support crypto-to-cash deposits in several states, including Illinois, Kentucky, New Hampshire, and Vermont. This development indicates a growing openness among state gaming regulators to digital asset payments.

Paysafe's introduction of cryptocurrency deposit capabilities addresses a long-standing competitive gap between licensed US operators and offshore platforms. By providing a regulated framework for non-traditional payment methods, Pay with Crypto is poised to attract younger bettors who prefer to transact in digital assets.