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Cryptocurrency has promised to change how we pay for things, but most Bitcoin and Ethereum holders still can’t spend their digital assets at the corner café or local bookstore. Most merchants remain hesitant to accept crypto payments due to concerns about price swings, complicated setups, and expensive equipment.
SpacePay is working to change this situation with its payment platform that features a 0.5% transaction fee, compatibility with over 325 crypto wallets, and instant cash settlements for merchants.
The London-based fintech startup has already raised over $1 million during its ongoing presale, with $SPY tokens currently available at $0.003181.
Making Crypto Payments as Simple as Card Swipes
Shop owners have enough on their plates without having to learn the ins and outs of cryptocurrency. Between managing inventory, dealing with staff schedules, and keeping customers happy, the last thing they need is another complicated system to figure out. Adding complex crypto payment systems feels like one burden too many.
SpacePay’s solution works with the Android payment terminals that businesses already use. No expensive new hardware required. Just a simple software update that enables crypto payments alongside regular card transactions.
For customers, paying with crypto becomes as straightforward as any other digital payment. They scan a QR code with their crypto wallet app, confirm the amount, and the transaction completes in seconds. No typing long wallet addresses, no waiting several minutes for confirmations.
The system supports over 325 different cryptocurrency wallets, so customers can use whatever app they’re already comfortable with. This compatibility removes friction for both sides of the transaction.
Bitcoin and Ethereum Without the Price Roller Coaster
The biggest fear for any business owner considering crypto payments is volatility. Bitcoin might be worth $60,000 when a customer pays for dinner, but what if it drops to $55,000 by the time the restaurant closes?
SpacePay solves this problem with instant settlement technology. When someone pays with Bitcoin or Ethereum, the merchant receives their local currency immediately. A $50 meal stays exactly $50 in the business account, regardless of what happens to crypto prices afterward.
The system locks in the exchange rate during those few seconds needed to process the payment. If Bitcoin crashes during that brief window, SpacePay absorbs the difference. This protection works both ways. It ensures predictable payments every time.
For customers, this means they can spend their Bitcoin or Ethereum without worrying about timing the market perfectly. The instant settlement also benefits cash flow for businesses, which gets money into merchant accounts right away.
Slashing Payment Costs for Small Businesses
Small business owners know the sting of credit card fees all too well, even if their customers don’t realize what’s happening behind the scenes.
Every time someone swipes their card, the payment company takes a cut – usually somewhere between 2.5% and 3.5%. When you’re running a business where every dollar counts, those fees can be the thing that pushes you from making money to losing it.
SpacePay changes this equation with its 0.5% transaction fee. Consider a local electronics store that processes $40,000 in monthly sales. With traditional payment systems, they lose about $1,200 each month to processing fees. SpacePay reduces this cost to just $200, which puts an extra $1,000 back into the business every month.
These savings happen because SpacePay eliminates many of the middlemen in traditional payment processing. When someone swipes a credit card, the payment bounces between multiple companies before reaching the merchant days later. SpacePay creates a more direct path using blockchain technology while maintaining security and reliability.
Building a Community-Powered Payment Network
SpacePay has built an ecosystem around its $SPY token that gives users a voice in how the platform develops. Token holders receive voting rights on important platform decisions and financial benefits through a revenue-sharing model. As more businesses use SpacePay, token holders receive a portion of the platform’s earnings.
Monthly loyalty airdrops reward active community members, while early access to new features gives token holders advantages before general availability. The token distribution shows thoughtful planning, with 20% going to the public presale and the founding team keeping just 5% for themselves.
SpacePay’s approach addresses practical barriers that have prevented widespread crypto payment adoption. By working with existing equipment and eliminating volatility risk, they remove the main concerns that keep merchants away from digital currencies. The low transaction fees provide immediate financial benefits that businesses can calculate easily.
As more merchants adopt the system, it creates a network effect. The seamless user experience also matters for long-term success. If paying with Bitcoin becomes as easy as using a debit card, more people might choose crypto for daily purchases rather than just holding it as an investment.
How to Join the SpacePay Ecosystem
Getting involved with SpacePay’s vision is simple for those interested in participating. Visit SpacePay’s official website and connect a cryptocurrency wallet to purchase $SPY tokens during the ongoing presale.
The platform accepts various payment methods including bank cards for newcomers to crypto. At the current price of $0.003181 per token, early supporters can position themselves in the ecosystem before the planned Q2 2025 launch.
JOIN THE SPACEPAY ($SPY) PRESALE NOW
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