1 week Ago
Crypto is cool to own, but where can you actually spend it? That's the question SpacePay is trying to answer. This London startup has created a way to pay with crypto using regular card machines already in stores. SpacePay stands out from the dozens of crypto payment projects that have come and gone.
Their approach makes crypto payments work with existing store systems while supporting multiple wallets, protecting merchants from volatility, and keeping fees low. While most crypto projects make big promises, SpacePay focuses on solving actual problems that have kept businesses from accepting digital currencies. Their token ($SPY) is in presale right now at $0.
003181. Compatibility with Existing POS Systems Store owners hate buying new equipment. It's expensive and disrupts business.
SpacePay gets this pain point. They've built their system to work with Android POS terminals that many shops already use. No new hardware needed - just a software update.
This practical approach means a café owner can start taking Bitcoin without changing their setup. The barista doesn't need special training, and business continues as usual. Support for Multiple Wallets Ever tried to pay with crypto, only to discover you need to download yet another wallet app? Pretty annoying.
SpacePay supports over 325 different cryptocurrency wallets. Users can connect with popular options like MetaMask and Trust Wallet without issues. Even those with less common wallets will likely find compatibility with the SpacePay system.
This wide-ranging support eliminates a significant barrier for many potential users. Pay in Crypto. Get settled in Cash.
Powered by SpacePay pic.twitter.com/YZiJy9naPg Instant Settlement and Volatility Protection SpacePay also tackles the problem of crypto volatility head-on.
When a customer pays with crypto, the merchant gets their local currency immediately. Not crypto that needs converting later. Actual dollars, pounds, or euros in their account.
Store owners need cash to pay suppliers, employees, and rent. By handling the conversion instantly, SpacePay removes the biggest risk for businesses. The customer gets to spend their crypto, and the shop gets their familiar currency without taking on market risk.
Low Transaction Fees Credit card processing fees add up fast. Many merchants pay 2-3% on every transaction. On thin-margin businesses, that hurts.
SpacePay charges 0.5% per transaction. That's it.
No monthly minimums, no terminal rental fees. For a small business doing $5,000 in daily sales, switching from a 3% processor to SpacePay's 0.5% could save them $125 every day.
That's over $45,000 annually - enough to hire another employee or upgrade equipment. Security and Transparency Mention crypto to most shop owners, and they immediately think "hacks" and "scams." It's an image problem the industry has earned through years of security failures.
SpacePay addresses this with heavy encryption and real-time monitoring of transactions. All activity is recorded on blockchain, which creates a verifiable payment trail that can't be altered. They're also emphasizing regulatory compliance - a refreshing approach in an industry that sometimes treats regulations as optional.
For mainstream adoption, this focus on playing by the rules helps merchants feel comfortable taking the crypto plunge. SpacePay's Presale The $SPY token is currently in presale, with over $1 million raised so far. They're using a tiered pricing structure where early buyers get better rates.
What's notable is that SpacePay already has a working product prototype. Most crypto projects launch with nothing but promises. Having something that actually functions puts them ahead of many competitors.
However, potential supporters should know that the full launch has been pushed to Q2 2025. The team says they're securing strategic partnerships and waiting for better market conditions. Visit SpacePay Presale Tokenomics SpacePay has created 34 billion $SPY tokens in total.
The breakdown: 20% goes to public sale, 17% for user rewards, 10% for development, 5% for the founders, 18% for partnerships, 18% for marketing and community, and 12% held in reserve. The distribution looks balanced. The founder allocation isn't greedy, and they're putting significant resources toward user incentives.
Token holders get voting rights on platform decisions, monthly reward drops, a share of revenue, and early access to new features. How to Join the Community If you want to get involved with SpacePay here's how to participate in the $SPY presale at the current price of $0.003181: Visit the official SpacePay website .
Connect a compatible wallet (MetaMask, WalletConnect, or others). Choose your payment method (ETH, BNB, MATIC, AVAX, USDT, or bank card). Enter your investment amount.
Confirm the transaction in your wallet. Save your transaction details for token claiming later. Follow their Telegram and Twitter for updates.
Website | (X) Twitter | Telegram Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ 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.
.
