.png){kind=logo}
Ever tried paying with crypto at a store? It's usually a mess. QR codes that don't scan, wallet addresses you can't pronounce, and merchants who look at you like you're speaking alien.
SpacePay, a London startup, thinks they've cracked this problem. Their system lets any business accept crypto payments through regular card machines - no new hardware needed. Plus, they handle over 325 different crypto wallets and turn digital coins into real cash instantly.
The company has pulled in over $1.1 million so far, with their $SPY tokens selling for $0.003181 during the current presale.
Crypto payments are a disaster right now. The blockchain tech works fine, but actually using it to buy stuff? That's when it all goes sideways. You're at the register, wrestling with your phone, attempting to read some blurry square code that just won't cooperate. Then you wait. And wait some more while the blockchain does its thing.
Merchants hate this too. They've invested thousands in their current payment systems. Why would they want to learn something completely new just to accept a payment method most customers don't even use? It doesn't make business sense.
Then there's the volatility issue. Accept $100 worth of Bitcoin at lunch, and by dinner it might be worth $90. That's not a business model - that's gambling.
SpacePay decided to work with existing systems instead of against them. Their software connects to Android-based payment terminals that most businesses already use. No training required. No new equipment. Just a simple software update.
The customer experience is smooth too. Pay with Ethereum, Binance Coin, or any of the other supported cryptocurrencies. The transaction happens as fast as a regular card payment. No standing around waiting for confirmations.
Security isn't an afterthought here. The platform uses proper encryption and monitors everything in real-time. They built it on a decentralized system, which means there's no single point where everything can go wrong.
This is where SpacePay gets clever. The moment someone pays with crypto, the system converts it to regular money. Not in five minutes. Not after three confirmations. Right now.
The merchant gets exactly what they charge. If you buy a $5 coffee with Bitcoin, they get $5 in their local currency. Doesn't matter if Bitcoin crashes or moons five minutes later - they're protected.
This works for customers too. You know the merchant will get the right amount, so there's no awkward conversations about exchange rates or price differences.
SpacePay runs on their own token called $SPY. Token holders get to vote on platform changes, which actually means something here. The community decides what features get built next.
There are perks too. Monthly airdrops for active users. Early access to new features before everyone else gets them. Plus, token holders earn a cut of the platform's revenue. More transactions mean more money for everyone involved.
The presale works in stages with prices going up each round. Early supporters get better deals. They've capped the total supply at 34 billion tokens, with 20% going to the public sale.
The revenue-sharing model is straightforward. As more businesses start using SpacePay, transaction fees pile up. Token holders get their share of that income stream.
Small businesses love this because it opens up a new customer base without the usual headaches. There are over 400 million people worldwide who own crypto. That's a lot of potential customers who might choose your store over the competition.
The fees are reasonable too - just 0.5% per transaction. Compare that to credit card processing fees, and you're looking at real savings. Plus, merchants get their money immediately instead of waiting days for bank transfers.
Setup is dead simple. If you can update an app on your phone, you can add crypto payments to your business. The system handles everything else automatically.
Want to get involved in the $SPY presale? Head to SpacePay's website and connect a crypto wallet like MetaMask. You can pay with various cryptocurrencies or even use a regular bank card if you're new to this stuff.
At $0.003181 per token, it's positioned as an entry point for people who see potential in making crypto payments that actually work in the real world.
JOIN THE SPACEPAY ($SPY) PRESALE NOW
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
