SpacePay could change how we perceive crypto in terms of payment. The project aims to make using crypto in shops as easy as paying with cash or cards.
Right now, SpacePay is running a presale for its SPY token, which gives people a chance to get involved early. There are reasons to believe this project could help make crypto payments a normal part of everyday life, and it could even lead the next crypto payments revolution because of its unique features.
Let’s discuss some of them in the following sections.
Decentralized Yet Practical with Zero Waiting Times
SpacePay runs on a decentralized system, which means payments don’t need to go through a central bank or middleman. This also gives people a sense of security over their data and funds. Merchants get their money right away without any middleman delays.
The whole system is built for instant payments. Merchants don’t have to wait days to receive their money, and this makes SpacePay suitable for various types of people and businesses. The speed also ensures that merchants stay on top of cash flow and avoid payment delays.
Compatibility with 325+ Wallets and Existing POS Machines
Many people store their crypto in different wallets, and many of these wallets do not accept various types of crypto. It is common for payment networks that accept crypto to allow USDT, ETH, and BTC payments, but not many others.
SpacePay solves this by working with more than 325 crypto wallets. This means that users won’t have to constantly send money from one wallet to another before they can make crypto transactions.
The platform also does not require merchants who are already using traditional payment methods to purchase new machines before they can accept payments. They can install the Android APK on their existing card terminals and start accepting crypto payments right away. There is no extra cost or need to buy new gadgets.
Volatility Protection
Crypto prices can change quickly, which scares many merchants. This is why SpacePay is also introducing a volatility protection mechanism that ensures the value of the funds sent remains the same, regardless of crypto price fluctuations during the transaction.
Here’s how it works: when a user wants to pay with crypto, SpacePay locks in the value that is to be paid at the moment of the transaction.
So if a customer pays $100 worth of crypto, the merchant will always receive $100 in their local currency, no matter what happens to the crypto price afterward. This gives merchants peace of mind.
Minimal Merchant Fees and Investor Confidence
Transaction fees can add up quickly for businesses using various payment systems. SpacePay charges a low fee of 0.5% per transaction, which ensures that charges do not eat into users’ profits.
The low fees also make accepting crypto more appealing compared to other systems that can be more costly. This could easily make SpacePay the go-to choice for many.
SpacePay team raised $750,000 from private investors. The funding can be seen as an endorsement or a sign that they believe in the future they are building.
They have also completed their first working version of the product and are working on securing their technology with patents. This demonstrates that SpacePay is serious about its future and has the support to keep growing.
The platform is already winning awards as well. It won the New Payment Platform of the Year award at the CorporateLiveWire Event 2022/2023, recognizing its technology and what it can achieve in the near future.
How to Buy SPY
The best way to join SpacePay right now is through its ongoing SPY presale. To buy the token, connect your wallet, like MetaMask, to the presale website.
You can then purchase SPY with ETH, BNB, MATIC, AVAX, BASE, USDT, or USDC. If you don’t have crypto, you can even use a bank card. Once your wallet is connected, select how many tokens you want, confirm your purchase, and you’re all set.
JOIN THE SPACEPAY (SPY) PRESALE NOW
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