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Most crypto owners face the same problem every day. They have digital coins sitting in their wallets but nowhere to spend them. SpacePay wants to change this reality completely.
The London-based startup lets merchants accept crypto payments through their existing card machines while instantly converting everything to local currency. The platform charges just 0.5% in fees and supports over 325 different wallets. With $SPY tokens currently priced at $0.003181, the project has raised over $1.2 million in its presale.
The crypto industry keeps promising that digital payments will become mainstream. But years have passed, and you still can't pay with crypto at most places. It's not because business owners dislike digital money. They just can't deal with the complexity and risk.
SpacePay tackles this issue head-on. Instead of asking businesses to buy new equipment or learn complicated systems, they work with what's already there. Those Android card readers sitting on counters everywhere? They can handle crypto payments after a simple software update.
This approach makes sense because it removes barriers to adoption. When a restaurant can start taking crypto payments in minutes without spending money on new hardware, that's when real change happens. Business owners don't need to become blockchain experts or worry about price swings.
The timing looks perfect too. More people own crypto than ever before, but they still can't spend it easily in most places. SpacePay could finally connect these two sides of the equation.
Think about buying your morning coffee and just paying with the Ethereum sitting in your phone. SpacePay makes this scenario real and simple. You scan a QR code, confirm the amount, and walk out. The whole thing takes maybe ten seconds.
The system plays nice with hundreds of different crypto wallets. Someone might use MetaMask while their friend prefers Trust Wallet or something else entirely. SpacePay doesn't care which app people choose. It just works with whatever they have.
Major cryptocurrencies like Ethereum, Binance Coin, and USDT all work smoothly on the platform. Users don't need to convert their preferred coins before buying something. They can spend whatever they're already holding.
For merchants, the experience feels completely normal. They see a regular payment hitting their account in dollars, euros, or whatever currency they use. SpacePay handles all the crypto complexity behind the scenes. The business owner never touches actual cryptocurrency.
Here's where things get interesting for business owners. Most payment companies take 2% to 4% from every sale. SpacePay charges just 0.5%. A busy restaurant doing $40,000 monthly could save over $1,000 every month just by switching payment processors.
The savings work because SpacePay cuts out the middlemen. Regular credit card payments bounce between multiple companies, with everyone taking their cut. SpacePay creates a more direct route using blockchain technology. Fewer hands in the cookie jar means lower costs for everyone.
Customers don't get hit with extra fees either. When someone pays with crypto, they only cover the standard network fees their blockchain requires. SpacePay doesn't pile on additional charges.
This fee structure could push more businesses to accept crypto payments. When you can save money while reaching new customers, the decision becomes much easier.
SpacePay runs on its $SPY token, which does more than just facilitate payments. Token holders get voting rights on platform decisions and new features. There's also a revenue-sharing arrangement where holders earn money as the platform grows.
Monthly rewards go to active users, while early access to new features gives token holders advantages over regular users. The company hosts quarterly video calls where holders can talk directly with the leadership team about what's coming next.
SpacePay created exactly 34 billion tokens and split them up fairly. The public gets 20% through the presale. Everything else goes toward building the platform, forming partnerships, marketing, and rewarding users. The founders only kept 5% for themselves.
This setup creates genuine utility rather than empty promises. People hold $SPY tokens because they provide concrete benefits, not just because they hope someone else will pay more later.
Anyone wanting to participate in the $SPY token presale can visit SpacePay's official website and connect their crypto wallet. They accept ETH, BNB, MATIC, AVAX, BASE, USDT, USDC, or regular bank cards for those new to crypto.
At $0.003181 per token, buyers can select their desired amount and complete the purchase following the simple instructions provided on the platform.
JOIN THE SPACEPAY ($SPY) PRESALE NOW
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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.
