Pull out your phone to pay with Ethereum at the grocery store checkout, and you’ll likely watch the cashier’s face go blank. Despite all the talk about crypto changing payments, most businesses still won’t take digital money.
SpacePay, a London startup, wants to change that by working with the card machines shops already have. The platform supports hundreds of crypto wallets and gives merchants their money in regular currency right away.
What really catches attention is their 0.5% transaction fee. Compare that to the 2.5% to 3.5% that credit card companies usually charge, and you start to see why merchants might be interested.
They’ve raised over $1.1 million so far in their presale, with $SPY tokens going for $0.003181 each.
Anyone who’s run a small business knows the pain of payment processing fees. Every time someone swipes a card, the payment companies take their cut. It adds up fast.
Think about your local pizza place. If they’re doing $25,000 in sales each month and paying the typical 3% in processing fees, that’s $750 disappearing every month. Over a year, they’re handing over $9,000 to payment processors.
Now imagine if they could cut that down to just $125 per month with SpacePay’s 0.5% fee. That extra $625 monthly could pay for better ingredients, cover utilities, or help during slow months. For small businesses running tight budgets, savings like this actually matter.
The reason SpacePay can offer such low fees comes down to cutting out the middlemen. When you pay with a regular credit card, your money bounces between several different companies before reaching the store owner. Each one takes a piece. SpacePay uses blockchain tech to create a shorter path from customer to merchant.
https://twitter.com/SpacePayLtd/status/1928029812762841119
SpacePay’s presale has pulled in over $1.1 million, which suggests people see potential in what they’re building. Unlike a lot of crypto projects that exist mainly on paper, SpacePay tackles problems that actually exist in the real world.
Their token setup looks pretty reasonable too. Out of 34 billion total $SPY tokens, they’re only keeping 5% for the founding team. That’s way less than the 20% or 30% that many crypto founders grab for themselves. The biggest chunk – 20% – goes to regular people in the public presale.
The rest gets spread around for partnerships, marketing, user rewards, and keeping the lights on. It’s the kind of distribution you’d expect from a team thinking long-term instead of looking for a quick cash grab.
Token holders get some decent perks. Monthly rewards for active users, voting rights on platform decisions, early access to new features, and a cut of the revenue. As more businesses start using SpacePay, token holders could see benefits from that growth.
Here’s why most store owners won’t touch crypto: the prices jump around like crazy. Accept $100 worth of Bitcoin in the morning, and by afternoon it might only be worth $85. No business can operate that way.
SpacePay solved this with a pretty clever system. When someone pays with crypto, the merchant gets regular money deposited instantly. The shop owner doesn’t have to worry about Bitcoin crashing or soaring – they just get their $100, period.
The system locks in the exchange rate for those few seconds it takes to process the payment. If crypto prices go wild during that time, SpacePay absorbs the difference. The merchant sees a normal payment hitting their account, no drama.
This takes away the biggest excuse merchants use to avoid crypto. They don’t need to become traders or watch price charts. They just run their business and get paid predictably.
Most crypto payment systems want merchants to buy expensive new equipment and train their staff on complicated new processes. That’s a hard sell for busy business owners.
SpacePay went the other direction. Their system works with those Android card readers you see everywhere. Just install some software, and suddenly that same machine can take crypto payments from hundreds of different wallets.
For customers, paying feels totally normal. Scan a QR code, tap confirm, done. No typing long wallet addresses where one wrong character loses your money forever. The whole thing takes seconds.
Since it works with over 325 different crypto wallets, customers can use whatever app they already have. Whether they’re into Bitcoin, Ethereum, or some other coin, chances are SpacePay supports it.
People interested in SpacePay can join their presale by heading to the official website and connecting a crypto wallet. The current price sits at $0.003181 per token, and they accept payments in ETH, BNB, MATIC, AVAX, USDT, USDC, or even regular bank cards for people new to crypto.
JOIN THE SPACEPAY ($SPY) PRESALE NOW
Ever since the Bitcoin price slipped below the psychological $100,000 mark, sentiment across the crypto…
The price of Bitcoin is currently moving in a consolidation phase, near short-term technical levels…
Arkham Intelligence released new on-chain data showing that six entities control a combined 4.25 million…
The WLFI price just ripped 25% higher intraday and no, it wasn’t random. A so-called…
Following the latest rebound in Bitcoin and Ethereum, Cardano's price has also staged a modest…
BRICS nations, including Brazil, Russia, India, China, South Africa, and many other nations, have publicly…
