Everyone knows Visa and Mastercard; they have been the kings of payments for decades. SpacePay is emerging as a challenger that could even take over the market with its unique approach. It aims to serve as a bridge between the crypto world and the traditional finance world.
With what SpacePay is developing from its presale, paying with crypto in everyday stores could become normal, as merchants may not be afraid to accept digital asset payments again. How does this work, and how does SpacePay compare with the big payment companies? Can it beat them?
First, SpacePay makes it easy to spend crypto. Store owners can accept crypto payments without being afraid of the price dipping during or immediately after the transaction. The system has a volatility protection mechanism that converts crypto into fiat currency of the merchant’s choice. This way, they are protected from crypto volatility.
The new generation of people uses crypto more, and this mode of payment might become a big deal soon, potentially positioning SpacePay at the forefront of this trend. Let’s look at other ways in which SpacePay might compete with some established payment systems.
We know Visa and Mastercard are fast, and there was a time when some types of payments, especially international payments, took many days to process.
Right now, they have worked to improve that, but there are still situations where these delays can take one to three days for the money to reach the store’s bank account. This delay can be difficult for small shops that need money right away.
With SpacePay, payments settle instantly. That means stores get their money as soon as the customer pays. There is no need to wait for banks, which could greatly help businesses because they won’t have to worry about slow payments.
Every time someone uses a card, the store pays a fee. Visa and Mastercard charge stores around 1.5% to 3% for each payment. This adds up and can be expensive for shops.
SpacePay charges just a 0.5% merchant fee per transaction. That’s much cheaper and would allow stores to save money on fees, potentially enabling them to offer better prices to customers. This can be an advantage for SpacePay over Mastercard and Visa.
Visa and Mastercard only allow payments with traditional currency. You can’t use crypto directly, at least not yet. If you want to spend Bitcoin or Ethereum, you have to convert it into cash first.
SpacePay lets you pay with many different cryptocurrencies right from your wallet. It works with more than 325 wallets, meaning you can use your favorite crypto directly when you shop. This gives people more freedom to spend their money the way they want.
When you use a card, your bank is in charge of your money. They can block your payments or freeze your account if they think something looks suspicious. It can feel like you don’t really own your money.
With SpacePay, you pay directly from your own wallet. You stay in control, and your money is protected by strong security. This makes it safer and puts you in charge of your funds.
Some people might be afraid about regulatory compliance. They do not want to use crypto for fear of not following local laws or accidentally breaking laws they do not understand.
SpacePay is addressing this by ensuring it adheres to the regulatory requirements for various countries, just like Visa and Mastercard. Based on their whitepaper, they will be operating in compliant countries, so users don’t have to worry about getting into trouble for accepting crypto.
SpacePay could make a significant difference in how we pay with crypto. It offers faster payments, lower fees, more choices, and better control of your money.
Visa and Mastercard are still major players, but SpacePay shows that crypto can make payments easier and better for everyone. If SpacePay’s plan works, it could finally give crypto the chance to compete with the biggest names in payments.
If you want to join SpacePay early and possibly be a part of the future of money, you can buy its SPY token during the presale. First, connect your wallet on the presale website. You can use crypto like ETH, BNB, MATIC, USDT, USDC, AVAX, or BASE. You can also use your bank card.
Once your wallet is ready, select how many SPY tokens you want, confirm the transaction, and you’re done. Remember to leave enough crypto in your wallet for fees.
Buying SPY tokens early could give you rewards like loyalty bonuses, early access to new features, and a share of SpacePay’s revenue as it grows. If SpacePay becomes popular, early buyers could benefit as more stores start using crypto for payments.
JOIN THE SPACEPAY (SPY) PRESALE NOW
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