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SpacePay: A Breakthrough in Crypto Payments

SpacePay: A Breakthrough in Crypto Payments

99bitcoins99bitcoins2024/09/19 15:54
By:Olaleye Komolafe

Cryptocurrencies are good investments. But they have yet to justify the term currency. Due to their high volatility and technical limitations, they are not used for everyday transactions. 

But things are about to change.

SpacePay is a new crypto payment solution that aims to integrate cryptocurrencies seamlessly into existing payment systems, making it as intuitive as using a debit card. The presale of $SPY, the native crypto of SpacePay, has raised over $400K so far.

Effortless Crypto Transactions

Crypto investors are growing in number. The market has proven to be reliable in the long term, despite the occasional crashes. However, they lack real-world utility. Making crypto transactions requires users to convert them into fiat on centralized exchanges. Direct crypto payments still feel cumbersome.

SpacePay removes the friction from crypto transactions using its advanced crypto payment solution. Here, you just need to scan a QR code and authorize the payment. Anyone, regardless of their tech-savvy, can use the application effortlessly.

To make its adoption mainstream, SpacePay has focussed on extensive compatibility. The platform supports 325 digital wallets. As a result, users don’t have to worry about switching to a new wallet to make a payment. Furthermore, SpacePay’s compliance framework allows it to scale globally. It adheres to regulations in the regions it operates.

If the project unfolds as planned, SpacePay could become as common as swiping a credit card or tapping a mobile wallet.

SpacePay was honored as the “New Payment Platform of the Year” at the 2022-23 CorporateLiveWire Global Awards. The SpacePay community has expanded to over 50K followers on Twitter and around 6K followers on Telegram.

Usability for Both Shoppers and Merchants

SpacePay will be available for online and in-store shopping. It is designed to compete with the convenience of popular fiat payment apps. For consumers, the dual functionality is a critical selling point.

For merchants, SpacePay gives a low-cost entry into the crypto user base. It helps them accept crypto payments without making a massive financial investment. Another major cause of concern for merchants is the volatility of crypto prices. With SpacePay, they don’t have to worry about that.

SpacePay converts payments into the merchant’s preferred local currency. The feature protects them from rapid value fluctuations in crypto prices. The SpacePay Minimum Viable Product (MVP) is currently in private beta. After raising $750,000 in its private presale, the project is now in the public presale phase.

SpacePay Tokenomics Shows Promise

The SpacePay ($SPY) token distribution is structured to ensure fairness and foster long-term success.

For example,  it allocates 20% of the supply to early investors, providing ample incentive to buy in early. A larger portion—46%—is reserved for project growth, including marketing, expanding the ecosystem, and ongoing platform development.

17% is earmarked for rewards and loyalty programs to incentivize users. The team gets just 5% of the supply. The remaining 12% goes to the reserve fund.

On both technical and utility fronts, SpacePay is well-positioned for growth. That substantiates why the presale continues to generate excitement.

Early Buyers Get Attractive Discounts

Timing is everything in the crypto market. Smart investors keep an eye on promising new projects and make early entries to secure the coins at low prices. SpacePay is on their radar this month. Investors can join the presale with cryptocurrencies such as ETH, USDT, or USDC.

Each phase of the presale sees a slight price increase, incentivizing early backers. SpacePay’s long-term vision makes it one of the best cryptos to buy now. The tokens are selling out fast, as a result.

SpacePay’s relevance lies in its real-world utility that is expected to generate organic demand for the coin even as the initial hype subsides. It is one of the few crypto projects that address the practical issue of integrating crypto into everyday transactions. SpacePay bridges the gap between digital currencies and daily life.

To follow the latest project developments, join the conversation on Twitter and Telegram .

Visit the SpacePay ($SPY) presale

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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