SpacePay ($SPY) is the latest blockchain project to win widespread attention.
Supported by global strategic investors, SpacePay makes seamless crypto transactions possible in everyday life. It addresses the issues of accessibility and usability in everyday crypto transactions using a revolutionary new solution.
SpacePay seamlessly integrates with existing card machines, supports 325 crypto wallets for daily purchases, and allows merchants to get payouts in their preferred traditional currencies.
Is SpacePay the next big crypto of 2024? Here is an analysis.
A Secure and Compliant Crypto Payment Solution for the Masses
Crypto is one of the most popular investment assets now. The decentralised blockchain projects that underpin cryptocurrencies and the rapid growth in their value continue to inspire investors.
But crypto as a payment solution remains a challenge. Although there are platforms that claim to integrate crypto into everyday life, they lack usability, accessibility, and security.
This is where SpacePay enters the picture.
SpacePay is a fintech startup based in London. The user-friendly software integrates with existing card machines and simplifies crypto transactions for merchants, payment companies, and consumers.
SpacePay aims to set new standards in the payment industry by adhering to all financial regulatory policies.
SpacePay was recognized with the “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23 for its radical blockchain solution with real utility.
Currently, in the private beta phase, the project is in the process of acquiring Intellectual Property to secure its market position.
SpacePay: Quick and Easy Crypto Payments, Online and Offline
The mainstream adoption of cryptocurrencies will remain a distant dream if crypto payment solutions focus on just enabling crypto transactions.
SpacePay thinks beyond and offers a suite of features that ensure crypto transactions are accessible technically and financially.
It makes payments quick and easy: you need to just scan a QR code at a retail counter or on an e-commerce website to initiate a SpacePay transaction. While existing payment systems suffer from delays and long processing times, SpacePay supports instant transactions.
Another limitation of current payment systems is their compatibility with only a few popular wallets and cryptocurrencies.
SpacePay overcomes this by supporting a wide range of cryptocurrencies across 325 wallets, including MetaMask, Trust Wallet, Coinbase Wallet, and Ledger Nano S.
The platform is also affordable. The payment system is offered to merchants at extremely low costs. And for users and payment companies, it is fee-free. Since payouts to merchants are made in fiat currencies, there is no risk of the notorious crypto volatility.
An Action-packed Roadmap for Success
In the first phase, the project launches the presale of $SPY tokens. To instil faith in the token right from the presale stage, an extensive security audit is conducted through a reputable third-party security firm.
The development of its advanced Near Field Communication (NFC) technology also begins in this stage The first fully decentralised NFC in the world, the solution is expected to establish SpacePay as a leading innovator in the cryptocurrency payment sector.
It will enable seamless and secure transactions, improving the user experience and expanding the range of practical applications for SpacePay in everyday commerce. The beta finalisation of SpacePay’s Payment APK is also done after rigorous testing.
The second phase will focus on token launch and community building. $SPY token is expected to be listed on major centralised exchanges like the MEXC Global exchange, making it accessible to a broader audience.
Strategic partnerships with leading payment processors and financial institutions will be announced soon.
Various community reward programs are launched, including loyalty incentives, airdrops, and participation rewards. The community’s feedback is acknowledged in ongoing developments.
Alongside, SpacePay will develop an e-commerce API that will expand its user base. It will allow online merchants to easily integrate SpacePay’s payment solutions into their platforms.
SpacePay founder Maxwell Bunting and the team actively interact with the community on social channels, addressing questions and concerns through Telegram.
SpacePay Presale: $SPY Tokens Are Available at Fixed, Discounted Prices for a Short Window
The $SPY presale is now live. SpacePay has already raised around $750,000 from private investors. The presale gives the public a limited opportunity to purchase $SPY tokens at fixed, discounted prices before they are listed on crypto exchanges.
Potential value appreciation is not the only benefit of holding $SPY tokens. It also earns a share of the platform’s revenue as passive income for investors through a revenue-sharing model.
In addition, $SPY tokens unlock perks like early access to private features and beta versions, loyalty airdrops, and quarterly connect webinars. It also gives holders voting rights in the community.
SpacePay is predicted to be a major player in the crypto market for its compliant payment solution that integrates cryptocurrencies into traditional finance. The platform is estimated to launch on over 4.5 million devices across nine countries this year. It has high growth potential.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
SIGN UP FOR LIGHTCHAIN 2025 - BUY NOW