SpacePay (SPY) is the new crypto player gaining traction.
The project is introducing a cutting-edge cryptocurrency payment solution that can potentially bring digital assets to the mainstream.
As the $SPY token presale continues to trend, here is a closer look at the fintech project.
Cryptocurrencies as Currencies
SpacePay’s goal is to make it easier for everyday transactions to be conducted using crypto. That explains why the project has raised $750,000 from private investors and $440,000 from public investors so far.
Investors are hurrying to grab SPY tokens at fixed, discounted prices from the presale before they hit exchanges. Once $SPY goes live on exchanges, it is expected to pump high, raising the entry barrier for investors. The early entry points opened by the ongoing presale are too compelling to ignore, as a result.
Over the last few years, the crypto market has witnessed extraordinary growth. Traditional investors are not afraid to explore crypto now, despite their volatility. It is possible to realize significant profits from cryptocurrency with a strategic investment plan.
Cryptocurrencies aren’t just investments. Ideally, they should be capable of facilitating day-to-day transactions. But cryptocurrency holders are unable to use their digital assets for regular activities now. It is ridiculous to pay for a meal at a restaurant or Netflix subscription using crypto.
The complexity of payment solutions is to blame. Most people don’t want to navigate through these hassles. That’s not all. Merchants are not ready to accept cryptocurrencies in fear of their notorious volatility. They are unwilling to risk getting less value than charged due to sudden price drops in the market.
This is where SpacePay steps in.
Crypto Payments Are Not a Hassle; Not Any More
SpacePay offers a seamless, user-friendly payment solution that sets out to simplify crypto payments. It integrates directly with existing card machines and supports over 325 digital wallets.
At the same time, it allows merchants to receive payments in the fiat currency of their choice. The broad flexibility eliminates the fear of unpredictable price swings and security concerns. It offers both consumers and merchants peace of mind.
By simplifying crypto payments, SpacePay makes it easier for businesses to attract the growing demographic of crypto users.
It also helps reduce operational costs and transaction fees for merchants. Customers and payment companies using SpacePay aren’t charged any fees for using the platform. Cost-efficiency is important when it comes to the mainstream adoption of the solution.
SpacePay is compatible with existing card terminals. So for merchants, there’s no need to install costly new equipment. They can adopt the new technology without disrupting their current payment systems.
With SpacePay, customers simply scan a QR code at the checkout counter and authorize the transactions. The process is quick and easy since there is no need to transfer funds between multiple platforms. Shoppers maintain full control over their funds as payments are made directly from their digital wallets.
SpacePay has no such surprises like hidden fees. Everything is upfront, giving peace of mind to both businesses and consumers. The full-fledged ecosystem will support offline and online merchants.
Credibility First
Security is a top priority for SpacePay. Cryptographic security measures are used to protect the platform from unauthorized access.
SpacePay’s Minimum Viable Product (MVP) has already been developed, winning the confidence of both private and public investors. After completing testing and securing intellectual property (IP) rights, the platform will be rolled out to the public. SpacePay aims to meet global regulatory standards to enable widespread adoption across multiple countries.
SpacePay was named “New Payment Platform of the Year” at the prestigious CorporateLiveWire Global Awards 2022/23.
SPY Presale Window is Now Open
SPY tokens are used for a variety of purposes in the SpacePay ecosystem. This includes facilitating payments and rewards to governance. An upcoming loyalty program will reward active users for their engagement.
SPY tokens also give holders exclusive access to quarterly webinars. Here, they can get behind-the-scenes updates on the project’s progress and upcoming plans.
The SPY token presale is generating widespread interest, with more than $440,000 raised so far. Each stage of the sale will feature a price increase. As one of the standout utility cryptocurrencies of the season, SPY has its eyes set on mass adoption.
SpacePay is one of the best new altcoins to enter the market this year. It has the potential to reshape the future of digital payments.
For the latest updates about the presale and project developments, join the SpacePay community on X (Twitter) and Telegram.