What If Crypto Payments Actually Worked? SpacePay May Have Just Solved It, Presale Ongoing

For years, people have dreamed about paying with crypto like it’s just another dollar in their wallet. But most times, that dream falls flat when you try to spend your tokens. Merchants won’t accept crypto payments because of various limitations, such as volatility issues and compatibility with their devices.

SpacePay, a London-based crypto startup, believes it has finally cracked the code. Judging by the growing success of its ongoing presale, it seems more people are starting to agree.

Why Crypto Payments Are Still Broken

Crypto payments sound good in theory, but they’ve never really worked well in practice. One of the biggest issues is volatility. You might pay with a token worth $20, and by the time the transaction clears, it’s dropped to $17, scaring off merchants.

There’s also the whole setup process. To pay with crypto, users often have to move tokens from one wallet to another and follow complicated processes that feel so different. It’s too much work for something that should be instant. Usually, crypto wallets are not compatible with existing traditional payment methods that people are used to.

Merchants don’t have it easier, as most crypto payment solutions ask them to install new systems that they are not familiar with or change their card machines entirely. This could cost money and take time.

Many of the available tools still feel like workarounds, not solutions. They expect everyone to learn crypto instead of making crypto learn the real world, and this is where SpacePay draws the line.

SpacePay’s Real-World First Approach

SpacePay does the opposite of what most platforms do. It doesn’t ask merchants to change anything; it plugs into what they already have.

The core of SpacePay is a terminal-agnostic APK that runs on any existing card machine without replacing it. For merchants, it’s as simple as installing an app. No extra hardware, retraining, or delays.

When someone wants to pay, they scan a QR code using any one of more than 325 supported wallets, including Trust Wallet, MetaMask, and even hardware wallets.

Here’s the clever part: as soon as the customer scans the code, the price is locked in through the volatility protection mechanism. This ensures the merchant gets paid the exact amount in fiat, no matter what happens to the token price afterward. Funds also arrive instantly, so the merchant doesn’t need to worry about crypto market swings.

Transaction fees are much lower, as SpacePay charges just 0.5% per transaction. Everything is also decentralized, allowing users to control their own wallets and private keys. Nothing is stored or managed by a middleman.

From Tokenomics to Trust: The SPY Advantage

The SPY token is the backbone of the SpacePay ecosystem, connecting users, merchants, and the broader community into one growing network.

There are 34 billion SPY tokens in total, and they’re allocated carefully to support long-term growth.

• 20% is set aside for the public sale. This fuels the current presale and ensures early adopters can get involved without centralized control.

• 17% goes toward loyalty and user rewards. These tokens will be distributed monthly to active users through airdrops. The more you use SpacePay, the more you earn.

• 10% is reserved for ongoing development to support the technical side of the platform, like updates, tools, and new features. Founders receive just 5%, which shows commitment to the project’s future, not just a quick exit.

• 18% each supports partnerships & integrations and marketing & community growth. These could cover things like onboarding new wallets, expanding to more payment networks, and making the project more popular.

• Finally, 12% is held in reserve to handle unforeseen events and future opportunities.

Holding SPY also comes with real utility. SPY holders get voting rights on key platform decisions. They also earn loyalty rewards, get early access to new features, and can participate in a revenue-sharing model that turns holders into long-term stakeholders. 

Even charitable donations are built in; SPY holders can give to supported causes, and SpacePay will match it.

There will be quarterly Connect webinars through which the team will communicate with SPY holders to ensure they are informed about all that is going on.

How to Buy SPY in the Ongoing Presale

SpacePay’s presale success is a sign that people see real value in it. The platform has built a working product, backed by real tech, regulatory compliance, and investor trust. It could be worth checking out, as crypto payments have been broken for too long, and SpacePay may just fix them.

You just need a crypto wallet like MetaMask or Trust Wallet. Go to the SpacePay website and connect your wallet using the widget at the top of the page.

You can pay with ETH, BNB, USDT, USDC, or even a bank card. Choose how much you want to invest, approve the transaction, and you’re done.

 JOIN THE SPACEPAY (SPY) PRESALE NOW

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