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Cryptocurrency payments are known for being quick and cheaper in comparison to traditional payment methods. Even though this is the case, using crypto for day-to-day transactions is not as easy as we assume.
There are several factors that need to be considered before crypto can be used as the ultimate payment method. SpacePay is such a project that considers these factors with its crypto payment software solution.
SpacePay has also raised over $300,000 via its presale with its vision and mission. Here’s what the project is all about.
SpacePay was launched with the ultimate goal of bridging the gap between the decentralized world and the traditional financial system.
The London-based financial business has simplified crypto payments with its offering. The project basically helps to overcome some of the key obstacles faced by the crypto ecosystem. This is due to the lack of accessibility and usability of crypto for everyday transactions.
SpacePay is a terminal-agnostic payment protocol that can be connected to card machines. This allows crypto transactions in the retail industry, with a bunch of benefits for both merchants and users.
SpacePay has some key features that help to tackle the ongoing challenges that are hindering crypto payments.
Connectivity is a key issue faced by crypto users. This is because different users are using different crypto wallets for storing their assets.
SpacePay offers easy compatibility with over 325 wallets. These include Trust Wallet, MetaMask, and so many more.
In order to make the lives of the merchants easier, SpacePay’s software solution can also be easily integrated with the existing card machines. This nullifies the need to buy fancy machines or any other equipment.
The next key issue that SpacePay addresses is the cost. The project’s software solution has a minimal merchant transaction fee of 0.5% per transaction. In comparison to other payment protocols like PayPal, SpacePay’s fees are considerably lower.
What’s even more interesting is that it is completely free for users. Users don't even need to pay a dime when they pay using crypto at merchants who have integrated SpacePay.
Additionally, SpacePay lets users pay with popular cryptocurrencies including Bitcoin, Ethereum, USDT and many more.
SpacePay brings certain features to the table that make it different from other payment protocols.
Instant settlement - SpacePay settles the transactions instantly with zero waiting time. The traditional payment systems face recurring issues of delayed transactions and processing time. But SpacePay completely fixes this issue with its instant transaction settlement.
Volatility protection - Cryptocurrencies are primarily known for their quick price movements. The prices can pump or dump rapidly, depending on various factors. SpacePay has understood people’s concern with this and has thus come up with volatility protection. With this, the crypto will be immediately converted to the merchant’s native fiat currency.
Support for popular wallets - SpacePay provides support for numerous popular wallets, including Ledger Nano S and many others. Users can just scan a QR code to begin their payment.
SpacePay’s presale is now open for investors to purchase their SPY tokens. The SPY token has a total supply of 34 billion. Out of this, 20% of the tokens are allocated for the public sale.
As per the SpacePay website details, the presale has raised over $310,000 so far. The coin is currently priced at $0.00176. Moreover, purchasing the SPY coin is quite easy.
All you need is WalletConnect, Coinbase or Best Wallet. Ensure to have ETH, BNB, MATIC, AVAX, BASE, USDC or USDT in your wallet to complete the purchase. You can also use your card to buy SPY.
Connect your wallet and enter the number of SPY that you wish to purchase. Ensure you have enough tokens to cover the gas fees once you’ve confirmed the transaction.
SpacePay presale is a chance for investors to become a part of the project that is making crypto payments easier for everyday transactions.
JOIN THE SPACEPAY (SPY) PRESALE NOW
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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.
