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It’s a familiar scene: a customer stands ready to pay, phone in hand, looking for a crypto payment option. But the cashier can only shake their head—no wallet support, no digital asset processing.
Despite the growing adoption of crypto, many merchants are still locked into traditional payment systems. This is where SpacePay, a London-based fintech startup, is stepping in.
The company is reshaping how crypto payments work in physical stores, offering a streamlined system for merchants to accept digital assets while receiving local currency in return.
Transforming In-Store Payments with Seamless Crypto Integration
SpacePay offers merchants a simple, plug-and-play APK for their Android POS systems. This makes it possible to process crypto payments as easily as conventional card transactions.
Additionally, it eliminates the need for difficult software installations or expensive infrastructure modifications. Once installed, the system lets customers scan a QR code and pay in crypto, while the merchant receives fiat instantly.
The platform protects retailers from volatility by automatically converting digital assets to local currency during checkout. This ensures businesses are not exposed to price swings, a common barrier to crypto adoption in physical stores.
SpacePay’s NFC-powered transactions further enhance convenience, offering contactless payment with added layers of encryption and device authenticity checks.
Backed by a global team of investors and blockchain technologists, the startup is focused on removing technical barriers to everyday crypto use. Its system supports over 325 wallets, including all major options, which allows users to pay without the need to transfer funds across platforms.
For merchants, it reduces costs with a flat 0.5% transaction fee, far below what traditional credit card processors typically charge.
Unlocking the Full Value of Crypto for Both Merchants and Customers
SpacePay wants to make it easier for everyone to pay with digital assets by giving businesses and users useful features.
Merchants get paid right away, which improves their cash flow and lowers their risk instead of waiting days for standard payment processing. Users are shielded from fraud by the platform’s strong security features. These include device verification, AES encryption, and 2FA.
For crypto holders, SpacePay removes the hassle from spending digital assets. Connect your existing wallet, pay in seconds, and forget about manually transferring tokens between platforms. No technical knowledge required.
By focusing on speed, security, and simplicity, SpacePay is creating a payment system that works for both businesses and customers in the real world, not just on paper.
Merchants tapping into the crypto economy also gain access to over 400 million potential customers worldwide—an attractive prospect in a competitive retail landscape.
Whether customers are spending USDT, ETH, or other digital assets, the system handles all conversions behind the scenes, creating a smooth and familiar checkout experience.
Community-Governed Growth and a Deliberate Launch Strategy
The SpacePay ecosystem is driven by community feedback and structured to grow alongside user needs.
The project’s native token, $SPY, unlocks a series of benefits for holders. These include voting rights on development proposals, access to exclusive features, loyalty airdrops, and revenue-sharing models tied to the platform’s transaction volume.
According to the company, token holders can join quarterly webinars, submit suggestions, and engage directly with the leadership team. The goal is to build a transparent and collaborative environment where product decisions are shaped by community consensus.
SpacePay also matches charitable donations from $SPY holders, reinforcing its commitment to social impact.
Lately, SpacePay addressed its community via X, confirming that the Token Generation Event (TGE) would be postponed to Q2 2025. The announcement explained that the move was made to prioritize long-term success.
Dear SpacePay Community,
First and foremost, we want to express our deepest gratitude for your unwavering support.
It’s because of you that we’re here today.
After thoughtful discussions with our advisors, market makers, and industry leaders, we have made the important…
— SpacePay (@SpacePayLtd) March 28, 2025
The company cited the need to align its TGE with favorable market conditions, finalize Tier 1 launchpad listings, and capitalize on strategic partnerships.
In a message signed by the SpacePay team, the company noted, “We would rather take a bit more time now than rush the process.” It emphasized that TGE timing and liquidity are critical for a strong debut.
The team reassured its supporters that the four years spent building the platform would culminate in a launch that reflects their vision for sustainable growth.
Founder Maxwell Bunting also invited the community to an AMA on Telegram, reinforcing the team’s commitment to transparency and open dialogue.
The SpacePay Presale: Early Access to Utility and Governance
The ongoing presale has attracted interest from investors with over $1 million in funds raised. Priced at $0.003181 per token, $SPY presents an accessible entry point for early adopters who want to support the project ahead of its main launch.
Acquiring $SPY is a straightforward process. Users start by connecting their crypto wallets, such as MetaMask, to the official platform. Supported assets for purchasing include ETH, BNB, MATIC, AVAX, BASE, USDT, and USDC. For added convenience, buyers can also use a bank card through the same widget.
Once the wallet is connected and funded, users simply choose the amount of $SPY they wish to purchase. Then they approve the transaction and ensure they retain enough balance to cover associated gas fees.
There are no hidden charges during the transaction, and tokens are delivered to the buyer’s wallet upon confirmation. This presale phase offers early access to the token and unlocks a series of utility features that will be expanded before the TGE.
All in all, Spacepay connects merchants and customers while positioning itself at the forefront of cryptocurrency payment innovation. Check out the official website here, https://spacepay.co.uk/.
JOIN THE SPACEPAY (SPY) PRESALE NOW
