SpacePay is changing how businesses handle crypto payments, and the numbers tell an interesting story. This London startup has a simple idea that could make a big difference: let merchants accept crypto on the card machines they already own.
Their $1 million in presale funding demonstrates solid investor confidence in this innovative approach to cryptocurrency payments.
4.5 Million Devices: No New Hardware Needed
Let’s face it – most stores aren’t rushing to buy special equipment just to accept Bitcoin. SpacePay gets this. Their tech works with regular Android-based card terminals through a simple software update.
Most new payment systems fail because they ask both sides to change their habits. SpacePay avoids this trap by working with what merchants already have. They’ve spent four years developing this technology and plan to launch in Q2 2025, after pushing back their original timeline to wait for better market conditions.
What’s cool is that customers can pay using any of 325+ different crypto wallets. The customer opens their wallet app, the merchant rings up the sale, and the transaction goes through like any other payment.
That Tiny 0.5% Fee
Money talks, especially when it comes to payment processing. SpacePay charges just 0.5% per transaction. Compare that to the 2.5-3% that many traditional payment processors take, and you can see why some merchants might be interested.
Let’s run some quick math. A café doing $500,000 in yearly sales might pay around $15,000 in payment processing fees at 3%. With SpacePay, that drops to $2,500. That’s an extra $12,500 staying in the business owner’s pocket each year.
For bigger businesses, those savings multiply quickly. Even merchants who couldn’t care less about cryptocurrency might look twice at those numbers.
SpacePay is going open-source. pic.twitter.com/8WQsFH799r
— SpacePay (@SpacePayLtd) May 5, 2025
100% Value Guarantee: Merchants Get Paid The Same
Ask any business owner why they don’t accept crypto, and they’ll probably mention price swings. Nobody wants to take Bitcoin at breakfast and find out it dropped 10% by dinner.
SpacePay handles this problem with instant conversion to regular money. A customer pays in crypto, but the merchant gets dollars, euros, pounds, or whatever currency they normally use. Right away.
This setup means merchants don’t have to worry about crypto prices crashing minutes after a sale. They know exactly what they’ll receive for every transaction.
Think of it as having a language translator who works for nearly free. Customers speak crypto, merchants hear dollars, and both sides get what they want.
A Community Approach
Like many crypto projects, SpacePay has its own token called $SPY. There are 34 billion tokens total, distributed across several categories: 20% for public sale, 17% for rewards and loyalty programs, 10% for ongoing development, and the rest split between founders, partnerships, marketing, and reserves.
People who hold these tokens get some perks. They can vote on platform decisions, receive monthly loyalty rewards, share in platform revenue, and try new features before anyone else.
This setup creates a shared interest in success. As more stores start using SpacePay, transaction volume grows, and that could mean more value flowing to those holding the tokens.
Keeping Things Secure
Nobody wants payment systems that can be hacked. SpacePay uses strong encryption and watches transactions in real-time to catch anything suspicious. These security measures protect both the store and the customer.
The system runs on decentralized technology, which fits with crypto’s original vision while still being reliable enough for businesses to trust.
Every few months, the SpacePay team hosts webinars for people holding tokens. It’s a chance to hear what’s going on straight from the source – no PR spin or vague updates. In an industry where sketchy projects disappear overnight, this kind of straight talk matters. You can actually see faces, ask questions, and get a feel for whether these folks know what they’re doing.
What’s Next for SpacePay?
So far, SpacePay has raised over $1 million in their presale phase. They’ve built a working prototype and are making sure they comply with relevant regulations.
Their decision to push the official token launch to Q2 2025 shows they’re thinking long-term. Instead of rushing, they’re lining up strategic partnerships and waiting for the right market moment.
By focusing on practical problems like high fees and complex integration, SpacePay is positioning itself as a practical solution rather than just another crypto project with big promises.
How to Join the SpacePay Presale
For those interested in the SpacePay presale, the process works like this: Visit the official SpacePay website and connect a compatible crypto wallet to their presale page.
Tokens cost $0.003181 each currently. Payment options include several cryptocurrencies (ETH, BNB, MATIC, AVAX, BASE, USDT, USDC) or even regular bank cards for those new to crypto.
After choosing how many tokens to purchase, complete the transaction and save the details.
It’s smart to follow SpacePay’s social channels for updates on the presale and upcoming developments.
JOIN THE SPACEPAY ($SPY) PRESALE NOW
Website | (X) Twitter | Telegram
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
Maximize Your Trading With Margex’s 20% Deposit Bonus
What Are the Best New Presales to Buy in June 2025?
Crypto Wallet Promos & Discounts
14 Best Crypto Bonuses in 2025 – Top Exchange Offers & Promotions
Maximize Your Earnings with Bitunix- Huge Bonus Until August 2025
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
