SpacePay (SPY) is a promising new fintech solution entering the crypto market. The project’s goal is to bring cryptocurrencies into everyday shopping.
It has raised $750,000 in its private presale. The public presale is now live, raising close to $500,000 already.
As the market awaits another bull run, it is one of the most-awaited altcoins this season.
Can Traditional Finance Accommodate Crypto?
Cryptocurrencies have yet to justify the term currencies. They are not a viable payment option. Blame their high volatility and poor user experience.
Businesses are not excited about accepting crypto payments now, as the market is unpredictable. Prices can go up and down in a matter of hours here. They don’t want to see their profits crash down during market downturns.
And it doesn’t make sense for shoppers, either.
They can’t be expected to log into a crypto exchange and convert their BTC into USD every time they want to buy lunch.
Many are interested in the investment potential of cryptocurrencies. But it is deemed impractical for retail. Luckily, things are changing. SpacePay is laying the groundwork for a crypto future that doesn’t need to reinvent the wheel.
It is on a mission to make crypto accessible and convenient. At the core of SpacePay’s growth potential is simplicity.
SpacePay Integrates with Existing Point-of-Sale (POS) Systems
Retailers don’t need to overhaul their existing infrastructure or purchase new hardware to use SpacePay. It integrates directly with their existing Point-of-Sale (POS) systems. The Android-based app makes accepting crypto payments easy and quick.
Thanks to the minimal-disruption approach, businesses can be up and running with SpacePay quickly. There are no upfront costs for equipment. The platform charges businesses low fees for its services. Shoppers, on the other hand, can use the platform for free.
With SpacePay, paying with crypto is as straightforward as it gets. It makes use of near-field communication (NFC) technology to enable secure and encrypted transactions. Here, only authorized devices interact. Shoppers can pay by simply tapping a smartphone or smartwatch.
The short-range transaction tech boosts convenience and adds a layer of security. Instead of converting crypto into fiat on an exchange, shoppers can pay directly at checkout. They just need to scan a QR code to initiate transactions.
SpacePay addresses the volatility concern by giving merchants the option to receive payments directly in local fiat currencies rather than crypto. The approach takes the volatility risk out of the equation.
Instant Settlement and Wide Scalability
SpacePay features a real-time and instant settlement system. It ensures that businesses can access their funds on time. They can manage cash flow seamlessly, as a result.
SpacePay will also ensure compliance with regulations in each jurisdiction to feature a safe environment for global users. From small shops to large enterprises, SpacePay is suited for businesses of all sizes.
The upcoming versions will support online stores. It will allow shoppers to use crypto as easily on the web as they would in a physical location.
SpacePay will support more than 325 different wallets, allowing users to pay with a variety of cryptocurrencies. Since businesses can accept crypto without worrying about sudden drops in value, it makes it easier for them to embrace the expanding demographic of crypto users.
Dynamic Presale: $SPY Price Increases With Each New Stage
To encourage early investors, SpacePay has introduced a dynamic pricing structure. The presale price increases over time.
For anyone looking to get in early, joining the presale is easy—there’s no whitelist or complicated registration process. The platform accepts a range of payment methods, from ETH and BNB to fiat bank cards.
More than just another speculative token, SpacePay has the potential to make a meaningful impact in retail. It knocks down the various barriers holding back crypto adoption.
For the latest updates about the presale and project developments, join the SpacePay community on X (Twitter) and Telegram.
