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The reality of using Bitcoin at a local shop remains challenging for most consumers. Attempting to purchase everyday items with cryptocurrency typically involves lengthy transaction times and technical complications.
Even with extensive media coverage about the potential of digital currencies transforming commerce, most shoppers continue to rely on familiar payment cards for their daily purchases.
SpacePay, a scrappy London-based fintech startup, might finally have cracked the code. They’ve developed a solution that bridges the gap between crypto enthusiasts and local shops. Their presale has pulled in nearly $1 million from investors who see the potential in making digital currencies work for everyday transactions.
Solving the Volatility Problem
Crypto prices bounce around like crazy, and that’s a major headache for business owners. Think about it – a restaurant that takes Bitcoin for your family’s $50 meal might end up with just $40 worth a few hours later when they go to cash out. That unpredictability has scared off tons of shops that would otherwise be open to taking digital currency.
SpacePay’s approach is brilliantly simple. When someone pays with crypto, the merchant gets their money in regular currency – instantly. That $50 sale stays exactly $50 in their account, regardless of whether Bitcoin crashes minutes later.
SpacePay’s system locks the exchange rate for the duration of the transaction process. If the market goes wild during those few seconds, their system absorbs the difference. The shop owner just sees a normal payment hitting their account without any crypto drama.
Transforming Transaction Economics with Low Fees
Anyone who’s run a small business knows the sting of credit card processing fees. Those 2.5% to 3.5% charges take a serious bite out of already thin profit margins.
SpacePay is shaking things up with a tiny 0.5% transaction fee. A neighborhood café doing $50,000 in monthly sales typically hands over about $1,500 to traditional payment processors. With SpacePay, that drops to just $250 – putting an extra $1,250 back in their pocket every month.
SpacePay offers these rock-bottom fees by cutting out the middlemen, creating a more direct route between customer and merchant.
Seamless Integration with Existing Systems
SpacePay’s solution works with standard Android payment terminals through a simple software update. The software update enhances existing Android terminals with advanced functionality while maintaining the same hardware, adding cryptocurrency capabilities to familiar equipment
The system plays nice with over 325 different cryptocurrency wallets. Customers just scan a QR code with their favorite crypto wallet app, tap confirm, and they’re done. No awkward waiting, no complex wallet addresses to type in.
For merchants, the experience feels familiar too. They ring up sales the same way they always have, and the system handles all the crypto complexities behind the scenes. If your staff can operate a regular card terminal, they already know how to use SpacePay.
The $SPY Token Ecosystem and Benefits
The $SPY token isn’t just another crypto coin collecting digital dust in your wallet. It’s more like a membership card that grows in value as the network expands.
Token holders get monthly rewards based on platform activity and voting rights on important decisions. They also earn a slice of transaction fees through the revenue-sharing model. As more shops use SpacePay, the potential benefits for token holders increase.
From the total pot of 34 billion tokens, a full 20% is reserved for the public presale – not just wealthy insiders. The development team kept a modest 5% for themselves, with the rest spread across strategic partnerships (18%), marketing (18%), user rewards (17%), development (10%), and reserves (12%).
Participating in the SpacePay Presale
If you’re interested in getting involved, their presale is running now with $SPY tokens currently at $0.003153 each. This price will increase as the presale progresses through its stages.
Those interested can participate by visiting SpacePay’s website and connecting their preferred cryptocurrency wallet. The platform accepts multiple payment options including USDT, AVAX, ETH, BNB, MATIC, and BASE tokens. Individuals without cryptocurrency holdings can alternatively complete their purchase using a standard bank card.
With nearly $1 million already raised, plenty of others clearly see potential in what SpacePay is building.
JOIN THE SPACEPAY ($SPY) PRESALE NOW
