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SpacePay is designed to change how people interact with cryptocurrencies and payment systems. Its solutions bridge the gap between the traditional finance system and decentralized technologies.
The platform’s native token SPY is currently in the presale phase, but let’s first understand what exactly SpacePay does differently.
SpacePay is geared towards driving widespread adoption of crypto while offering a user-friendly and accessible payment solution. It empowers individuals and businesses to accept cryptocurrency as a payment option, just like traditional currency used for everyday transactions.
SpacePay's infrastructure is compatible with more than 325 wallets, enabling it to handle high transaction volumes seamlessly without compromising efficiency or reliability. The platform's Android terminal diagnostic APK allows for seamless integration with various payment platforms and applications, making adoption of the solution seamless.
It charges only a 0.5% merchant fee per transaction with no hidden fees, promoting transparency and predictability of cost. It also ensures that merchants get instant settlements, making it an efficient solution for businesses needing fast payments.
Its solutions are fully decentralized and secured through robust cryptography that minimizes the risk of fraud and unauthorized access. Since users pay from their wallets, they retain complete control over their private funds and keys, empowering them to manage finances securely without interference from a third party.
SpacePay also offers flexible cryptocurrency options for transactions. Users can pay with their preferred cryptocurrencies from a wide range of supported selections. They can also pay from their diverse crypto portfolio or transfer funds from one crypto to another before payment.
The system also solves the problem of crypto volatility since merchants receive agreed-upon amounts in their preferred fiat currencies. This way, merchants receive the exact amount they expect, no matter the price fluctuation that occurs during the transaction.
The platform promotes simplicity, making it possible to carry out transactions by simply scanning QR codes. Its SPY token powers the platform, and holders get various benefits within the ecosystem.
Investors are already rushing to acquire the SPY token as they see the platform's strength and utility.
The SpacePay program started with the launch and development phases, which included starting the presale and carrying out the contract audit.
Development of NFC technology will also be ongoing at this stage. It will then go through the beta finalization stage before eventually listing SPY tokens on centralized exchanges for more visibility and exposure to a wide range of audiences.
Following the launch, the project will continue to engage the community through various activities. It will also have various partnerships that can take its projects to new levels and possibilities.
SpacePay will also continue to reward community engagement and will later integrate various APIs that will continue to serve the ecosystem well and push it toward its goal of widespread cryptocurrency adoption.
The project will carry out global marketing activities to expand its offering to various regions of the world. This activity will also help establish its brand and reach a large number of people. This will go hand in hand with scaling operations and features to enhance its services.
SpacePay has been able to secure more than $750,000 from private investors. These commitments from investors show that they are confident about the project offerings.
Furthermore, these funds open the door to partnerships that can propel the project forward. SpacePay has completed its Minimum Viable Product (MVP) and is currently in the private Beta phase.
Many cryptocurrency projects struggle with regulations, which affect their adoption. SpacePay understands this and is making an effort to be fully in compliance with regulatory standards.
This approach enables operations in various sanctioned nations and helps the project connect with the global community
SpacePay's operations have not gone unnoticed. The platform won the "New Payment Platform of the Year" award at the 2022/23 CorporateLiveWire Global Awards. This recognition of its position as an industry leader and as a project that could make a major change in the crypto world is gratifying.
Buying the SPY token is straightforward. You need to connect your MetaMask or an acceptable wallet to the website. From there, you will be able to buy the SPY token using the following options: ETH, BNB, MATIC, USDT, AVAX, BASE, and USDC. There's also the option of buying with your bank card.
Make sure you have enough funds in your preferred crypto option, which you will use to buy the SPY token. You should also have additional funds to cover the fees involved.
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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.
