Cryptocurrencies are still unsuitable for everyday purchases. Bitcoin has soared past $100,000 and crypto adoption is growing across industries. But crypto is mostly seen as an investment rather than a practical payment method.
One London-based fintech startup called SpacePay ($SPY) is working to change that idea.
While many ambitious projects with a similar mission are stuck in the concept stage, SpacePay is an exception. It has already launched its Minimum Viable Product (MVP).
Ready for a new level of convenience?
SpacePay allows you to pay with 325+ wallets, making payments effortless. 🌐 pic.twitter.com/YMfrqAbeTk
— SpacePay (@SpacePayLtd) February 5, 2025
The Growing Demand for Crypto Payments
Over 400 million people now hold digital assets. But for those who want to use crypto for buying a coffee or a gym membership, the options remain frustratingly limited. There are multiple challenges to factor in.
First, merchants worry about price volatility. If you are a business owner, and you accept Bitcoin as a payment for your product, you should realistically expect its value to drop before you can cash out. That’s a scenario one would dare not rule out, given how erratic the crypto market is.
Although top companies and brands have experimented with crypto payments, not everyone can afford it. The integration is complex and expensive. The technical hurdles and costs should be factored in too.
SpacePay steps in to change things for the better. First of all, it eliminates volatility. That’s not all. It simplifies integration and ensures a smooth transaction experience for both customers and businesses. Let’s find out how.
Price Protection & Instant Settlements
The unpredictable nature of cryptocurrencies is a big concern for businesses. No merchant wants to sell a product for $10 in crypto, only for it to be worth $7 an hour later. SpacePay’s instant settlement feature eliminates this risk.
Here, customers can pay in various cryptocurrencies using a simple QR code scan. The merchant, however, receives the payment in their local fiat currency. As a result, businesses are protected from price fluctuations while customers can spend their digital assets freely.
SpacePay offers real-time conversions and instant settlements, which ensures smooth cash flow for businesses. They give it a strong competitive edge against traditional card payments.
Easy Integration
Crypto payment solutions usually require new hardware or complex software installations. But SpacePay works with existing Android-based POS terminals.
- Businesses don’t need to purchase additional devices.
- The SpacePay app integrates seamlessly into their current payment infrastructure.
- Transactions become as simple as any standard card payment.
The system removes a major adoption barrier. With SpacePay, businesses can offer crypto payments without added hassle or expense. Businesses can adopt crypto payments without worrying about costly setup fees.
Customers don’t have to pay additional fees when making payments. The transaction fee for merchants is just 0.5%, much lower than traditional credit card processing fees. There are no integration costs for payment companies. The low fees improve profit margins for businesses.
Strong Security Measures
With frequent reports of hacks, scams, and fraud, security is a top concern in the crypto space. When it comes to direct crypto payments, participants need assurance that their transactions are safe.
SpacePay addresses this with advanced encryption standards and real-time transaction monitoring. The robust security features prevent fraud and unauthorized access.
A Community-driven Business Model
SpacePay has focused on building a strong community of users and businesses. While decisions are made behind closed doors in traditional financial platforms, SpacePay gives users a voice in its future.
Here, token holders can vote on platform developments and new features. Their feedback will influence everything from supported cryptocurrencies to global expansion plans.
The community-centric approach aims to strengthen the ecosystem by building trust. It is key to the adoption and long-term growth of a project.
$SPY Token Presale is Approaching the $1 Million Milestone
SpacePay’s utility token, $SPY, is currently in presale. It is rapidly approaching the $1 million milestone. Priced at $0.003126 as early investors flock to grab the token for discounted prices. The price is set to increase with each new stage.
Beyond value appreciation as a crypto asset, $SPY offers real-world utilities like voting rights, loyalty rewards, and exclusive platform features.
The project has also structured its tokenomics to support sustainable growth, with 18% of the total supply allocated to marketing, driving awareness and adoption. 10% is set aside for development to ensure continuous improvements.
Follow the SpacePay community on Twitter and Telegram for the latest presale and project updates.
