Everyone loves to simplify the use of money. This is especially true when it comes to payment for merchants, whether you are shopping, eating out or buying a car.
This is where crypto simplifies everything. Anyone with a wallet can send anywhere from a few cents to millions of dollars in just a few seconds without any middlemen.
But as easy as it sounds, payments using crypto for day to day activities still have several problems that need to be addressed.
This is where SpacePay has entered the market with its standout product. How is SpacePay helping to solve these problems, Let us find out below.
What is SpacePay bringing to the table?
What SpacePay offers to the crypto community is very simple. The project is nothing but a software solution for crypto payments.
The project has a solution that helps merchants accept cryptocurrencies for everyday transactions. What’s even more interesting is that the software can be integrated with their card machines.
This eliminates the need for any additional purchase of any machinery or device. With this solution, customers can use crypto from over 325+ wallets for their purchases.
Coming up with a solution for a prolonged issue
If we start speaking about our current banking system and traditional payment methods, we can find a ton of shortcomings.
Some of these problems include a centralized payment structure, a lack of transparency, privacy concerns and delays in processing.
Traditional payment methods are also vulnerable to data breaches, identity theft risks, customers having no control over the funds, etc.
Even though many merchants might wish to accept crypto, the current infrastructure makes it difficult to do so.
Some are worried about the tech complications involving crypto payments, and others are worried about the fluctuating prices.
This is where SpacePay has launched its payment protocol, which can benefit both customers and merchants.
3️⃣ Simple steps to buy from our on going presale
Join before it’s too late ⏰
🔗 : https://t.co/Gi3g5sSLp0 pic.twitter.com/AJTsyo4mfi
— SpacePay (@SpacePayLTD) July 25, 2024
Individuals can use their crypto assets from many of the major wallet providers. For merchants, SpacePay charges a very nominal fixed charge of 0.5%.
This price is cheaper in comparison to traditional payment service providers and others like PayPal.
What’s even more interesting is that their software solution helps to settle the transaction instantly with zero waiting time. This can be a pain with traditional payment methods, where the payment might even take weeks to reach the destination in some cases.
The next major issue that a majority of them are worried about is volatility. SpacePay’s mechanism has a volatility protection set in place.
This ensures that the crypto is instantly converted to the native currency of the merchant. So the merchant is completely safe from the moving prices.
Enrolling yourself in this visionary SpacePay journey
The heart of the SpacePay project is the SPY token. The token has several purposes, including incentivizing, loyalty airdrops, voting power, etc.
Out of the total 34 billion total supply, 20% tokens are allocated for the presale. The remaining 17% is set aside for loyalty rewards, 10% for development, 5% for the founders, 18% each for marketing and partnerships, and finally 12% for reserve funds.
As per the details on their website, they have raised over $300,000 via their ongoing presale.
You can easily head to their website and use ETH, USDC, USDT or a card to make SPY purchases. All you need to do is connect a WalletConnect, Coinbase or Best Wallet to the website and buy the tokens.
The tokens can be claimed before the first DEX listing. These details will be announced by the team on their social media channels.
JOIN THE SPACEPAY (SPY) PRESALE NOW
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