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Turning crypto into an everyday payment method needs solving specific technical challenges that have kept digital currencies from working in regular stores.
When a customer wants to pay for coffee with crypto, the transaction must verify instantly, protect the merchant from price changes, and deliver local currency to the store’s account immediately.
As SpacePay approaches $1 million in presale funding with tokens at $0.003126, its technology handles these exact challenges.
The Three Technical Systems That Make SpacePay Work
The smart contract verification engine forms the foundation of SpacePay’s payment processing. Unlike traditional systems that check transactions in sequence, these contracts run parallel verification processes that examine multiple aspects simultaneously.
When a payment begins, the engine checks wallet balances, transaction signatures, and merchant details all at once. This is similar to how modern computer processors handle multiple tasks at the same time. This parallel approach explains how verifications complete in seconds rather than minutes or hours.
The real-time price protection system monitors cryptocurrency values through an automated market maker architecture. When a customer starts payment, the system calculates exactly how much cryptocurrency is needed to deliver the merchant’s requested amount in local currency.
It includes buffers to account for potential price movements during the transaction, ensuring the store receives their exact asking price. This calculation happens before the customer confirms payment, creating a protected transaction window where price changes can’t affect the merchant’s earnings.
The instant settlement creates direct payment channels between wallets and merchant accounts. Instead of holding funds in intermediate accounts during verification, the system prepares settlement details alongside verification.
Solving the Merchant Technology Gap
SpacePay’s integration with existing Android terminals happens through an API layer that connects to standard payment software. This technical approach lets merchants keep their current equipment while adding crypto capabilities through a simple update.
The system sends payment information to SpacePay’s processing network while displaying status updates on the terminal’s screen, maintaining the familiar checkout flow for staff.
The QR code bridge uses a standardized data format that contains all transaction details – amount, merchant ID, currency preferences, and payment routing information.
When generated on the merchant’s screen, this code works with any supported wallet app through URI scheme handling. The code structure follows standards for QR payments while adding crypto-specific parameters that wallets recognize automatically.
From Crypto Owner to In-Store Customer
When a customer starts payment, their wallet app activates the device camera for QR scanning. As the code gets captured, the app identifies the payment request parameters including amount, merchant ID, and accepted currencies.
The wallet then checks available balances across the user’s holdings. The transaction preparation phase creates digital signatures using the wallet’s private keys to authorize the specific payment amount. The system calculates network fees and displays the total to the user for confirmation, showing both the crypto amount and local currency equivalent for clarity.
The wallet then stores transaction records locally with a reference ID that links to the blockchain transaction. This technical architecture creates a payment experience that feels as simple as scanning and confirming.
Building a Sustainable Technical Foundation
SpacePay’s architecture uses a distributed node system that scales horizontally as transaction volumes grow. Unlike centralized payment processors with fixed capacity, the platform adds processing power by activating additional nodes in high-activity regions.
The token economy at $0.003126 creates sustainable funding for ongoing development. From the total 34 billion token supply, specific allocations support critical technical needs. 10% SPY for development ensures continuous improvement of core systems, while strategic partnerships (18%) fund integration with payment processors and merchant services.
The next technical phases focus on scaling merchant tools, expanding wallet compatibility, and improving security layers. The system’s modular design allows targeted improvements without disrupting existing functions.
This architecture supports the planned progression from current capabilities to a global payment network that can handle millions of daily transactions across different business types and geographical regions.
Interested buyers can join the presale by connecting any of the supported wallets. SPY purchases can be made using ETH, USDT, USDC or even a bank card.
Stay up to date with their X account to never miss any updates on their developments.
JOIN THE SPACEPAY (SPY) PRESALE NOW
