You’ve probably tried paying with crypto at a local store and gotten weird looks from the cashier. SpacePay thinks they’ve figured out why this keeps happening and how to fix it.
This London-based startup lets merchants accept cryptocurrency payments through their existing card machines, works with over 325 different wallets, and converts everything to regular cash instantly at just 0.5% fees.
Here’s what makes this different from other crypto payment projects. Most companies want businesses to rip out their current systems and start fresh. SpacePay just works with what’s already sitting on the counter.
Why This Undervalued Altcoin Flies Under the Radar
The $SPY token does more than just sit in wallets, hoping the price goes up. Token holders get to vote on what features get built next. They also receive monthly rewards for sticking around and participating in the community. Plus, there’s early access to new tools before everyone else gets them.
Here’s the interesting part about revenue sharing. When SpacePay processes more payments, token holders actually get paid. It’s not just about hoping the token price increases someday. The more successful the platform becomes, the more money flows back to people who supported it early.
They created 34 billion total tokens and split them up pretty fairly. Regular people get 20% through the public sale. Another 17% goes toward rewarding users who actually use the platform. Development gets 10%, partnerships and marketing each get 18%, and there’s a 12% reserve fund. The founders only kept 5% for themselves, which is refreshingly modest.
Every quarter, the team jumps on video calls where anyone holding tokens can ask whatever’s on their mind. Most crypto projects take your money and disappear. These folks actually stick around to answer questions.
Simple Crypto Payment Solutions That Work
Walk into most restaurants and try paying with Bitcoin. The owner will probably look confused and ask if you have a credit card instead. It’s not that they hate crypto — they just can’t deal with all the technical nonsense that comes with it.
SpacePay figured out how to work around this problem. They built software that runs on those Android card readers you see everywhere. No fancy new equipment needed. The shop owner downloads their app and starts accepting crypto payments the same day.
The volatility thing gets handled automatically. Someone pays with Ethereum, but the restaurant owner gets dollars in their account immediately. Bitcoin could crash 30% an hour later, and the business wouldn’t care because they already got paid in real money.
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Supporting 325+ different wallets was smart. Most payment systems pick a few popular options and call it done. SpacePay works with pretty much whatever customers already have on their phones. Got MetaMask? Great. Prefer Trust Wallet? Works fine. Still using that weird app you downloaded months ago and forgot about? That works too.
The 0.5% Fee That Changes Everything
Payment processing fees are killing small businesses. Credit card companies typically grab 2-3% of every sale. SpacePay only wants 0.5%. That difference adds up fast for busy restaurants and shops.
Let’s say you run a pizza place doing $25,000 monthly. Traditional processors would cost you anywhere from $500 to $750 in fees. With SpacePay, you’re looking at $125. That extra money could cover utilities or help hire another employee.
The math works because SpacePay cuts out the middlemen. Regular card payments bounce between banks, processors, and payment networks, with everyone taking their slice. Crypto payments skip most of this expensive chain.
Settlement happens immediately instead of waiting 2-3 days for money to show up. Small businesses love this because cash flow stays smooth. No more checking your account, wondering if yesterday’s sales will clear before rent is due.
Security Without the Complexity
Getting hacked is every merchant’s worst nightmare. SpacePay uses the same encryption standards that banks rely on. They also monitor every transaction in real-time to catch anything suspicious.
Instead of putting everything on one big server that could crash, they spread operations across multiple networks. If one part has problems, the rest keeps working fine. It’s like having backup systems for your backup systems.
The team actually pays security experts to try breaking into their platform. They hire these specialists to find weak spots before real criminals do. Better to discover problems during controlled testing than during a live attack.
Regulatory compliance gets serious attention, too. They work within existing financial rules instead of pretending regulations don’t exist. This gives merchants confidence they won’t get in trouble for accepting crypto payments.
Market Timing and Real Opportunities
About 400 million people worldwide own cryptocurrency but can barely spend it anywhere except online. That’s a massive customer base sitting on the sidelines, waiting for businesses to catch up.
Credit card fees keep going up every year. Small businesses especially feel the squeeze when they’re already dealing with rising costs for everything else. Alternative payment methods that actually save money are hard to find.
Younger customers prefer digital payments anyway. They grew up tapping phones instead of fumbling with cash. Moving from Apple Pay to crypto pay probably doesn’t seem like a big leap to them.
Traditional payment companies have been dragging their feet on crypto integration. This gives SpacePay time to build market share before the big players figure out what they’re doing.
The $SPY token presale has pulled in over $1.3 million so far. People interested in participating can visit SpacePay’s official website and connect their crypto wallet. They accept ETH, BNB, MATIC, AVAX, USDT, USDC, and regular bank cards for folks who don’t have crypto wallets yet.
Tokens currently cost $0.003181 each, and the whole process walks you through everything step by step.
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