SpacePay Changes the Online Payment Paradigm in a Big Way - Here's How

Whenever there is a topic involving online crypto payments, the mind solely moves towards talking about a traditional crypto wallet. Traditional crypto wallets have always been complex, often alienating those who want to enter the crypto space for the first time. SpacePay offers a different approach.

Its solution is simple: rather than providing a simple wallet, create a system that's compatible with both traditional and decentralized finance, and then integrate it with crypto wallets and payment card systems.

This vision isn't stylized; it only talks about simplicity. That is why the SpacePay presale has raised over $750K to date. Will this nifty system finally change the online payment paradigm for everyone? The simple answer, in so many words, is yes. Here is how this technology will accomplish it.

Making Crypto Payments More Versatile, Yet Familiar

The human mind is averse to change, which has been one of the reasons why mainstream crypto adoption has been so slow. What makes matters more complicated is the stubbornness of traditional crypto payment modes to not let go of complex systems. They say it is done in the name of security, but the truth is that it looks like gatekeeping, to make the crypto economy something exclusive.

SpacePay's approach, on the other hand, is to embrace inclusivity. It aims to create a payment system, a decentralized, terminal-agnostic protocol that can be embedded with card machines as well as crypto trading wallets. As a result, the traditional payment systems become more versatile while having an additional advantage of becoming more familiar.

The protocol can be easily integrated with over 325 wallets. This system gives the wallet a similar type of feel as a standard e-wallet. The in-built code reader will help people pay using crypto by only scanning the code, and no entry of addresses will be needed.

However, true adoption comes when entities on both sides of the aisle, merchants and customers, are benefited.

While customers will gain a sense of familiarity through SpacePay's integration, merchants will find it simple to accept crypto. But how? It is a simple matter of rebalancing. SpacePay promises that the value of the token will change based on the agreed-upon fiat amount. This will protect the merchants from the market's volatility.

Making Payment System Decentralized

Traditional payment systems have been able to exist due to their high level of interactivity, and also because people do not have any other choice. Nothing remotely similar to the convenience provided by a centralized payment system has been given by the decentralized side of the aisle.

SpacePay is a project that's meant to change that, bringing more security, efficiency, and privacy to transactions.

While robust cryptography will stop transactions from becoming compromised, it is the free access to this system that will make it more appealing to users. And with no integration costs to payment companies, this system can easily interact with traditional payment companies.

Making Settlements Instant

Centralized systems can cause immense delays due to high processing times. Payments often get stuck, and in worse cases, they cannot get through. Think of the quandary it often causes, as a merchant keeps waiting for the payment to come through to finally deliver the product.

Such issues are minimized with SpacePay.

The perks of decentralization extend beyond security, allowing users to pay instantly. This gives way to a more efficient experience, blurring the lines between crypto and traditional payment systems.

Making Earning Crypto a Possibility

Traditional payment wallets often shower people with unique offers when they hit a certain transactional milestone. These "rewards" are often tied to specialized apps that further create complexities and can compromise a system.

SpacePay, being a decentralized project, works through SPY token. An ERC-20 asset, this token is host to many use cases. Here is a peek into some of them:

• Loyalty Airdrops: Interacting with SpacePay on a continuous basis will accrue points, which can then be redeemed via loyalty airdrops.

• Voting Power: SpacePay is a DAO crypto, giving the community access to the protocol that decides how this payment system evolves. New initiatives can be launched, and new features can be introduced. New tokens can be added as well.

• Early Access to Features: Those who hold the SPY token will get early access to upcoming features. The whitepaper claims that these features could be industry-defining, which is another reason why many believe SpacePay can change the online payment paradigm.

• Revenue Sharing: Staking will allow users to share the revenue generated by the SpacePay ecosystem.

Final Words

There is an intense need to give more to the users when it comes to online payment. Transactions should be streamlined, there should be more flexibility in terms of digital assets to pick, UI should be streamlined, and the experience should be rewarding. SpacePay is hitting all of these points in a big way.

That is why the presale has gained so much attention. With over $790K raised, it is becoming increasingly clear that the token may go off the shelves when it finally launches. Therefore, those interested should act today and buy SPY at a discount price of $0.002441.

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