Credible crypto assets have proven to be good value storage over the last few years. But they haven’t realized their potential as currencies. That limits their possibility of integrating into mainstream retail.
SpacePay (SPY), a London-based payment solution, sets out to make crypto more popular and practical. The project’s vision is to bring crypto to everyday spending.
Revolutionizing Payments with Crypto
SpaecPay is making impressive progress in development and fundraising.
With the SpacePay MVP development complete, a future where we pay for groceries and grab lunch with crypto might not be far.
SPY token public presale hit a whopping $500,000 milestone recently. The project completed its private presale earlier, raising around $750,000.
SpacePay’s mission is simple: to give the term currency in cryptocurrency its due meaning.
But it is also bold, given the many challenges that lay ahead. To make crypto payments as seamless as using a card or tapping a phone is ambitious for multiple reasons.
In fact, SpacePay is not the first to set out on a similar mission. But existing crypto payments are clunky and impractical. When projects lose focus on user experience, mainstream adoption remains a distant dream.
Volatility of cryptocurrencies is another factor to consider. Although crypto offers businesses a chance to stand out, nobody wants their profit to take a nosedive because BTC crashed 20% overnight.
How does SpacePay tackle these challenges? Let’s see.
No Extra Hardware, No Hassle
A key attraction of SpacePay is its simplicity.
The last thing businesses want is to install fancy new hardware or complicated systems to allow crypto into their payment system.
The Android-compatible APK of SpacePay integrates smoothly into traditional Point-of-Sale (POS) systems. Retailers have zero upfront equipment costs.
Near-field communication (NFC) tech adds an extra layer of security. It also strengthens convenience by simplifying the payment process for both customers and merchants.
With SpacePay, a quick scan of a QR code is all it takes to initiate payment from a crypto wallet.
Taming Crypto Volatility
With SpacePay, shoppers can use over 325 wallets and a variety of cryptocurrencies to make payments.
But businesses receive payments in their local fiat currency of choice––the setup eliminates the headache of fluctuating crypto prices for retailers.
SpacePay also offers instant settlements, cutting out the frustrating waiting periods of traditional payment systems.
For shoppers, the platform is completely free. Businesses, on the other hand, pay a low transaction fee of 0.5%.
A Vision Backed by Action
It is common to see crypto projects make larger-than-life promises they fail to deliver.
SpacePay stands out. The project has won the confidence of early investors, with its Minimum Viable Product (MVP) already in beta. It shows that the project is serious about turning its vision into reality. The public and presale numbers indicate investor trust.
SpacePay reinvested in its growth through a buy-back program. The proactive step reinforces its commitment to long-term development.
Regulatory compliance is another feather that strengthens SpacePay’s credibility. SpacePay is working to expand its global reach and boost the token’s utility.
SpacePay earned the title of ‘New Payment Platform of the Year’ for 2022–2023 from the CorporateLiveWire Global Awards.
The crypto community is taking notice of the project. SpacePay’s Telegram group boasts over 5,000 members, while the X (Twitter) following is nearing 60,000.
Getting in on SPY
The SPY presale supports purchases with ETH, USDC, USDT, and fiat cards. It’s accessible to both seasoned and new investors.
Early birds get the best deals as the price increases with each stage of the presale. Once the presale wraps up, SPY is set to debut on major crypto exchanges.
Token holders can look forward to exclusive perks like voting rights, access to quarterly webinars with the leadership team, and a potential revenue-sharing model.
With another crypto bull cycle underway, SPY has been receiving a lot of attention. SpacePay offers something few cryptos have dared to explore: real-world utility. It makes crypto payments practical.
It wouldn’t be surprising to see the altcoin top the charts after its release.
Join the $SPY presaleFor the latest updates about the presale and project developments, join the SpacePay community on X (Twitter) and Telegram.
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