There are too many cryptocurrencies to keep track of.
Most of them are hollow meme coins or DeFi coins that promise quick gains. But then, they turn out to be fleeting sensations with a short shelf life of less than a month.
That underscores the relevance of projects like SpacePay ($SPY) – a robust crypto payment solution for the traditional finance market. Let’s take a closer look at how SpacePay empowers the future of payments and what that means for investors.
Let’s dive straight into the latest SpacePay simplified, where we’re demystifying the concept of blockchain 🔗
What Exactly is a Blockchain? 🤔
Imagine a blockchain as a digital ledger, but instead of being in one place, it’s shared across a vast network of computers.
This… pic.twitter.com/kqtyUXb1nA
— SpacePay (@SpacePayLTD) April 22, 2024
How SpacePay Turns Cryptocurrencies into Currencies
Are cryptocurrencies even currencies any more?
The popular belief is that they are too volatile to be used as currencies in the real world. But that is not the truth. We don’t have technically sound, widely accessible crypto payment solutions yet.
SpacePay bridges this gap.
The product, now in its private beta phase, is much-awaited for its high potential to penetrate a large audience of crypto users. SpacePay’s goal is to make crypto payments accessible to merchants, payment companies, and consumers alike.
With SpacePay, we can realistically imagine a near future where crypto is used for everyday transactions. Once the full-fledged product is live, SpacePay can be used for everyday transactions like buying groceries and ordering books online.
It will integrate with standard card machines, bridging the gap between traditional finance and the blockchain market. The key highlight of SpacePay is its usability and accessibility.
Due to its high market relevance and applicability, SpacePay has won the attention of global strategic investors, raising an impressive $750K from private backers. The presale has raised over $200K already, although it was launched only a few days back.
Through the presale gateway, the public can get involved with the project on low budgets. $SPY tokens are sold for prices starting from $0.00147 in the current presale stage.
Scan, Pay, and Earn rewards
SpacePay lowers the technical and financial barriers to crypto adoption. Merchants, shoppers, and payment solutions can move to crypto payments with SpacePay for little to no cost.
The solution is free for shoppers and payment companies. Merchants can integrate SpacePay for low prices. The set-up process is also fast and easy to allow for quick integration.
Another area that SpacePay has focused on to get a strong competitive edge in the market is volatility. It is often a huge challenge when it comes to crypto payments. Merchants, in particular, are concerned by the frequent fluctuations in crypto value. The rapid price action renders them incompetent as currencies.
To solve this problem, SpacePay makes it possible for merchants to receive payouts in their preferred traditional currencies.
The payment process is straightforward. You just need to scan a QR code at the store to begin the transaction. SpacePay reaches a broad user base by supporting a wide range of cryptocurrencies.
That gives it a strong competitive edge against most crypto payment solutions that are limited to BTC, ETH, and SOL payments.
SpacePay supports 325 wallets, including popular options like MetaMask, Trust Wallet, Coinbase Wallet, and Ledger Nano S.
On 4.5 Million Devices Across Nine Countries – Next 100X Crypto?
SpacePay is preparing for a grand entry into the crypto market this year. The application will be accessible to crypto users across nine countries. According to estimates, the potential user base is as big as 4.5 million.
That makes SpacePay one of the most interesting crypto projects of 2024.
SpacePay landed the prestigious “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23. The credibility of the London-based fintech startup, led by Maxwell Bunting, is further underscored by its action-packed roadmap.
For example, the project is pioneering the development of decentralised Near Field Communication (NFC) technology. Beta finalisation of SpacePay’s Payment APK is much-awaited. SpacePay’s e-commerce API will bridge crypto into online shopping on a larger scale.
SpacePay comes with a revenue-sharing model that rewards token holders with passive income as part of building an active community.
The ongoing SpacePay presale is a limited-time window to secure $SPY tokens at fixed, discounted prices before its launch on crypto exchanges.
Whether SPY is the next 100X crypto remains to be seen. But its large growth potential, rooted in real-world utility, shouldn’t be overlooked.
