Will PayPal’s New Crypto Features Gain Popularity Among American Casino Players?


Cryptocurrencies are praised for their main features, which include anonymity and airtight security. These “coins” are well-adopted globally and are supported by outlets, online stores, and ATMs in multiple countries, including the US. Once Bitcoin started to grow in the financial market, it didn’t take long for many companies to see the potential of the coin and its alternatives.

A good example of this is PayPal, reworking its systems to allow users to trade cryptocurrencies through their platform. Users can easily access new investing options such as buying, selling, and holding different kinds of alt coins. With this shift in their business model came the creation of the online wallet’s very own stablecoin.

New Crypto Features Built Into PayPal 

Available in the United States, trading through PayPal has been structured with its users in mind. Their new platform is perfect for beginners who can start buying with as little as $1. While other coin traders place user-friendly functions behind paywalls, the online wallet offers ease of use at no additional cost. Registered users can sign in to their account from a PC, smart TV, Apple Watch, or mobile device. 

Having high compatibility with multiple platforms, account holders can easily manage their trades when the need arises. The online wallet service currently operates with 5 cryptocurrencies, namely Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and the new stablecoin called PayPal USD (PYUSD). Four trusted crypto wallets have partnered with the online wallet on their new venture. Users can integrate balances from Metamask, Ledger, Phantom, or Magic. 

Does PayPal’s Crypto Options Appeal to American Casino Players?

With a population that currently sits at 333 million, statistics show that over 20 percent of Americans own Bitcoin. Another study done in the country proved that 3 out of 4 Americans use PayPal as a preferred payment option. 

From a business and user standpoint, the online wallet made calculated steps that all parties favor. With an easy way to buy, exchange, or use one of the supported coins, American gamblers who use PayPal will appreciate the flexible nature of the newly added features. 

By having an internal trading system, users will save on expensive fees that many third-party vendors charge. PayPal requires no fees to join, and no monthly payment to maintain the account. Players in places like Pennsylvania will see the best of PA’s slot library, convert their Bitcoins in a few clicks, and play their favorite slots as intended.

Are Crypto Payments Accepted in American Casinos?

Bitcoin has grown substantially since its inception and has been adapted into many branches such as NFTs (Non-Fungible Tokens) and dApps (Decentralized Apps). Even with all these advancements, the lawmakers are yet to allow American gamblers to fund their casino balance directly with Bitcoin. There are many governments like the United States that are wary of the vulnerabilities that encompass Bitcoin. 

It’s well known that the coin is built on a decentralized system that is structured to be highly secure. While this is the case, the downfalls come from the unregulated nature of cryptocurrency itself. The transactions made through coins like Monero are anonymous and have been linked to many illicit activities. This makes it difficult for the country to accept it as an official payment option.

Current Payment Options for American Casino Players

American gamblers are accustomed to payment methods such as Visa, Mastercard, PayPal, and Venmo. These payment processors have millions of trusting members that use their services on platforms like Stakers daily. There are some notes to consider before choosing one of these options. 

Using bank options such as Visa usually entails waiting up to 5 business days for a withdrawal. While e-wallets are quicker, they pose a daily or monthly limit to cashing out. Crypto shares the best of both worlds, allowing users to fund their accounts within an hour or less. 


Bitcoin payments are widely supported across the world, but licensed American casinos do not offer them as an option for either deposits or withdrawals. The start of COVID-19 resulted in a spike in the price of Bitcoin, as well as the amount of American players joining online casinos. The correlation between these two events resulted in the growth of online gaming and casinos in general. 

It has become a simple matter to invest and convert different cryptocurrencies back into dollars. Casino players can take those converted dollars and spend them however they please. PayPal has taken a step in the right direction, it’s only a matter of time till casinos in America follow.

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