
Most crypto projects promise to change everything but deliver nothing practical. SpacePay takes the opposite approach by solving a problem that actually exists.
The London-based startup lets businesses accept cryptocurrency through their current card readers. No expensive equipment, no complicated training, just working technology that handles payments from over 325 different wallets.
Numbers tell the real story here. SpacePay has pulled in more than $1.3 million during its presale phase, with $SPY tokens currently available at $0.003181. That kind of support usually means people see something worth backing.
About 400 million people worldwide own cryptocurrency but struggle to spend it anywhere useful. Walk into most stores and mention paying with Bitcoin, and you’ll probably get confused looks from the staff.
This disconnect happens because existing crypto payment solutions ask too much from merchants. They demand new hardware purchases, extensive system changes, and tolerance for wild price swings. Small business owners look at these requirements and decide it’s not worth the hassle.
SpacePay removes these barriers by working with Android payment terminals that businesses already use. A software update takes minutes to install. Staff keep using familiar interfaces. Customers can pay with whatever crypto wallet they prefer.
The platform converts cryptocurrency to regular money instantly. A merchant sets prices in dollars and receives exactly that amount regardless of what happens to Bitcoin prices afterward. This protection against volatility addresses the biggest fear stopping businesses from accepting digital currencies.
The $SPY token does more than sit in wallets hoping prices rise. Token holders receive voting rights on platform decisions, monthly loyalty rewards, and early access to new features before public release.
Revenue sharing creates direct financial benefits tied to platform performance. As SpacePay processes more transactions, token holders receive their share of the profits. This structure connects token value to actual business activity rather than pure speculation.
The project has already built working software and focuses heavily on regulatory compliance. Most crypto ventures launch with promises and hope to build something later. Having functional technology before asking for investment money demonstrates serious intent.
Most credit card companies grab 2-4% of every sale. For small businesses already struggling with thin profit margins, those charges eat away at their bottom line fast. A shop processing $25,000 monthly might pay $750 in processing costs with standard credit card services.
SpacePay charges just 0.5% per transaction. That same shop would pay only $125 monthly. The savings could cover utilities, hire additional staff, or improve profit margins. Business owners appreciate keeping more of their own money.
Lower fees benefit customers too. SpacePay eliminates transaction charges for people spending cryptocurrency. Someone paying with Ethereum faces no additional costs beyond the actual purchase price.
Supporting over 325 different cryptocurrency wallets demonstrates technical capability and customer-focused thinking. Most payment platforms work with a handful of popular options and ignore everything else.
This broad compatibility means customers use whatever wallet application they prefer. No downloading special apps or switching platforms just to make a purchase. The convenience factor increases adoption likelihood among cryptocurrency holders.
Merchants benefit from serving customers regardless of which wallet they use. When your payment system accepts everything, you don’t lose sales because someone’s preferred app doesn’t connect properly.
The total supply of 34 billion $SPY tokens gets distributed strategically:
The founders only kept 5% for themselves, which is pretty refreshing. Most crypto teams grab way bigger chunks, making you wonder what they’re really after.
Anyone interested in the $SPY token presale can participate at the current price of $0.003181 per token. The process works like this:
Join the SPACEPAY ($SPY) community on (X) Twitter and Telegram.
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