How SpacePay Makes Crypto Payments a Reality
The cryptocurrency market is always looking for the next big thing. New altcoins poised to breakout are favored for their huge return potential.
As another bull market approaches, investors set their sights on Space Payment (SPY). The upcoming cryptocurrency has raised more than $820,000 in its ongoing presale and is on the verge of an explosive surge.
Why? SpacePay changes the way we use digital currency.
https://twitter.com/SpacePayLtd/status/1870523701932032498
Making crypto payments practical
Here’s a detailed analysis of why investors are supporting this new crypto payments solution.
An ongoing challenge for cryptocurrencies is adoption. Most cryptocurrencies focus on hype and they fail to solve real-world problems. SpacePay sets out to change that. It brings utility to top cryptocurrencies with payment solutions supporting over 325 wallets.
what does that mean? Cryptocurrencies can now be used for everyday purchases. This isn’t just an idea – SpacePay’s functional system is ready for deployment.
The SpacePay team has developed a working prototype (MVP) that can be integrated into physical and online stores.
Why businesses love SpacePay
Crypto payments are often viewed as a nuisance by businesses. Not without reason. Factors such as high setup costs, volatility issues, and complex systems all deter merchants.
SpacePay offers a more reliable solution to bring cryptocurrencies to retail.
- Seamless setup: SpacePay provides businesses with an Android-compatible APK. It works directly with existing point-of-sale (POS) systems.
- Low transaction fees: Businesses can use SpacePay to accept cryptocurrency payments for a fee of just 0.5%, much lower than the processing fees of traditional credit cards.
- Fluctuation protection: Instant settlement in local fiat currency makes SpacePay a viable solution for businesses. While customers can pay in their preferred cryptocurrency, merchants receive payments in local currencies. They don’t have to worry about the volatility of payment cryptocurrencies.
- Security and speed: SpacePay uses NFC technology to ensure fast and secure transactions.
SpacePay supports over 325 wallets and top cryptocurrencies.
Growth-Oriented Token Economics
$SPY Token Economics focuses on sustainable growth. Most of the supply is divided into community construction and project development. 20% of the total supply is allocated to the public presale, giving everyone the opportunity to become an early backer at a low cost.
The remaining tokens are put on hold as shown below.
Early adopters of the $SPY token will receive exciting benefits such as governance rights and revenue sharing opportunities. They also have early access to product upgrades and quarterly webinars.
Although SpacePay is a project rooted in technology, it does not affect community building. SpacePay’s growing community includes over 60,000 followers on X (Twitter) and an active Telegram group; the project is clearly making its presence felt.
There are also plans to launch a referral program and a staking system as part of efforts to boost participation.
practicality issues
SpacePay’s focus on practicality makes it stand out. As a crypto payment solution, the project contributes to wider adoption in the market.
Investors have shown confidence in the project, raising $750,000 during the private pre-sale and a further $820,000 during the public phase.
Unlike most cryptocurrencies that shy away from launching projects for months (sometimes even years) after a coin’s launch, SpacePay’s MVP has tangible use cases ready.
While many projects have attempted crypto retail integration in the past, SpacePay maintains its edge due to its focus on user experience and practicality. Convenient for businesses and shoppers alike.
The next cryptocurrency to watch
With pre-sales advancing rapidly, SPY is expected to be in the spotlight in the first quarter of 2025. If the coin’s launch coincides with the next bull market wave, SpacePay is a strong contender for the title of “Best New Altcoin” this year.
To participate in the ongoing pre-sale, investors can use crypto and fiat cards. Pre-sale prices will increase with each new phase.
For the latest updates on pre-sales and project development, please join the SpacePay community: X (Twitter) and telegraph.
