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A new crypto payment solution has entered the market––SpacePay (SPY).
The new crypto project aims to make cryptocurrencies a part of traditional finance. Investors are securing SPY in the presale in a hurry before it hits exchanges. The token has raised above $400,000 in the public presale already.
Here is a closer look at SpacePay and why the SPY presale is going viral.
The rapid growth of assets like Bitcoin and Solana has been astonishing. That has inspired traditional investors to enter the crypto market. Cryptocurrencies may be volatile, but they are also profitable for strategic investors.
But cryptocurrencies are more than just investments.
In theory, crypto holders should be able to use these assets to have a meal at a restaurant or to pay for a gym membership. What’s stopping them?
First, the cumbersome payment solutions. No one wants to jump through hoops just to buy bread from a convenience store.
The next is the apprehension of merchants. Thanks to the crazy volatility of cryptocurrencies, they are scared to accept payments in crypto. Their concerns are valid.
SpacePay addresses these challenges. The user-friendly solution integrates seamlessly into existing card machines. It supports over 325 wallets. More importantly, it allows merchants to accept payments in a fiat currency of their choice.
SpacePay (SPY) is compatible with current card terminals, giving merchants a simple, cost-effective way to integrate crypto payments. They can access the emerging, tech-savvy customer base without worrying about volatile price swings.
The streamlined design of the application allows the project to cut down transaction fees and operational costs for merchants. Shoppers and payment companies don’t have to pay any fees to use SpacePay.
They can make payments with SpacePay by just scanning a QR code at the checkout counter. SpacePay transactions can be initiated without transferring funds across multiple platforms.
SpacePay shields merchants from unpredictable price changes by giving them the option to receive the agreed-upon amount in fiat currency. The feature protects them from crypto’s volatile fluctuations.
The SpacePay Minimum Viable Product has completed development. The project is in the process of securing its IP. SpacePay is working to meet global regulatory standards for mass adoption across the world.
Being built for scalability, the software can integrate with offline and online platforms. It is flexible for merchants of varying sizes. Since there are no hidden fees, transparency is another key feature of the platform.
Fraud and unauthorized access are prevented on the platform using cryptographic security measures. Consumers have full control over their funds, as they pay directly from their own wallets.
SpacePay’s breakthrough solution has won widespread attention. For example, the project has raised $750,000 from private investors. It was recognized as the "New Payment Platform of the Year" at the CorporateLiveWire Global Awards 2022/23.
SPY is not just a payment cryptocurrency in the SpacePay ecosystem. It also serves other purposes.
It allows token holders to join governance. The community can have a say in the project’s journey ahead through their votes. A loyalty program is also in the pipeline. It will reward active users for their continued engagement.
The revenue-sharing model allows active users to earn passive income. Another perk of holding $SPY tokens is entry into quarterly webinars for a behind-the-scenes look at the project’s progress and plans.
The $SPY presale is currently live, with over $400K already raised. Each presale stage features a price hike, encouraging early participation from investors.
As one of the top cryptocurrencies of this season positioned for mass adoption outside the crypto market, SPY has high growth potential. If the project unfolds as planned, it will allow both merchants and consumers to step into the future of payments. SpacePay could make a practical tool for everyday transactions.
For the latest updates about the presale and project developments, join the SpacePay community on X (Twitter) and Telegram.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
