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It’s 2025, and crypto payments are still largely unheard of. Cryptocurrencies are used more as a storage of value than as a medium of exchange.
SpacePay ($SPY) is here to change the status quo. The London-based fintech startup is on a mission to make crypto as popular as cash and cards. Too ambitious? With the MVP ready, this is not another crypto still in the ideation phase making grand claims. Here is an award-winning project worth watching this year.
Crypto Payments for Businesses
The number of crypto investors is rising by the day. The recent surge of Bitcoin to $100,000 has further fuelled interest in the sector. Pro-crypto regulations and institutional adoption of cryptocurrencies are expected to expand the market in 2025.
There are more people with crypto in their hands. And it would make their lives much easier if they could spend them directly at stores instead of having to convert them to cash every time. Businesses, too, are intrigued by the idea of crypto payments.
But crypto integration in retail stores comes with its own set of challenges, from implementation to volatility, user experience, and safety concerns.
How does SpacePay address these? Let’s have a look at each of these challenges one by one.
Ready for a new level of convenience?
SpacePay allows you to pay with 325+ wallets, making payments effortless. 🌐 pic.twitter.com/YMfrqAbeTk
— SpacePay (@SpacePayLtd) February 5, 2025
Price Protection and Instant Settlement
A big concern for merchants when it comes to crypto payment is volatility. They don’t want to sell their product for $10 in the morning and see its value crash 30% by evening. But that’s a highly likely event if you accept payments in crypto.
To avoid this, SpacePay offers instant settlement. Customers can make payments in cryptocurrencies of their choice. In fact, the app is compatible with a broad range of cryptocurrencies and over 325 wallets. With the app, transactions are as easy as scanning a QR code at the terminal.
But merchants won’t be receiving the payment in crypto. Instead, they will receive the money in a local fiat currency of their choice. This way, SpacePay takes out volatility from the equation, allowing businesses to accept crypto with peace of mind.
That’s not all. SpacePay has an instant settlement feature, ensuring cash flow for businesses. This gives it a strong competitive edge against traditional payment modes.
But what about integration?
Compatible with Existing Android-based POS Terminals
Now let’s talk about the headache of integration. There is none. Businesses can integrate SpacePay into their existing Android-based POS terminals for smooth and efficient crypto transactions.
While conventional crypto payment solutions need businesses to purchase additional hardware, advanced payment APK ensures seamless integration without technical hurdles. Customers can use their digital assets in everyday purchases as easily as traditional card payments.
SpacePay is free for customers.
The transaction fee is 0.5%.
There is no integration cost for payment companies.
The cost-effective mechanism improves the profit margin for both consumers and merchants. It opens up broad possibilities for businesses, empowering them to step into the vast demographic of over 400 million crypto users. That could potentially lead to more revenue opportunities.
SpacePay connects crypto users with traditional commerce, creating a bridge between the two worlds.
Security is a Priority
Security is a primary concern for both businesses and customers when it comes to crypto payments. There are many shady crypto projects and crypto scams often make headlines.
SpacePay understands this. The project has implemented strong security measures across its ecosystem with the help of advanced encryption standards and real-time transaction monitoring. Right from a transaction being initiated to its completion, all parties involved are assured of safety.
In essence, the platform gives increased autonomy to users and businesses, while promoting a more inclusive financial landscape.
Being a crypto project, SpacePay has also focused on building a strong community to support its future growth. The platform uses a community-driven model where users have a say in its development. Feedbacks are highly valued, and they will influence multiple aspects of the project, from token compatibility to upcoming features and market expansion.
$SPY Token Presale Nears $1 Million—Is This the Next Big Crypto Breakout?
The $SPY token presale is racing ahead to the $1 million milestone. The token is priced at $0.003126 in the current presale phase. The growing excitement shows that the project is moving toward an early sell-out.
In addition to potential value appreciation, $SPY token holders unlock exclusive benefits like voting rights, the chance to participate in monthly loyalty airdrops, and access to new platform features.
A revenue-sharing model will further allow early backers to benefit from SpacePay’s journey ahead. The project has set aside 18% of its token supply for marketing and 10% for project development.
To learn more about SpacePay and the ongoing presale, visit the official website. Follow the community on Twitter and Telegram for the latest presale and project updates.
