Despite the growing number of crypto holders worldwide and frequent media coverage about blockchain’s potential, most retail businesses continue to operate exclusively within conventional payment systems.
London-based fintech startup SpacePay is challenging this status quo with its payment platform featuring a 0.5% transaction fee, integration with over 325 cryptocurrency wallets, and instant fiat settlements for merchants. The project has already raised $1 million during its ongoing presale, with the $SPY token currently priced at $0.003181.
Solving Real Payment Problems for Merchants
Most shop owners aren’t blockchain experts. They’re busy people running businesses who don’t have time for complicated new systems or expensive equipment upgrades.
SpacePay’s solution works with standard Android payment terminals through a simple software update. Think of it like giving your old smartphone a superpower upgrade – same familiar device, but with new capabilities.
For customers, the experience is refreshingly normal. Scan a QR code with your crypto wallet app, tap confirm, and you’re done. No awkward waiting, no complex wallet addresses to type in – just efficient transactions that happen to use cryptocurrency.
Time is of the essence! $SPY is in for some major developments.
Stay tuned for what’s next 👀 pic.twitter.com/hFpfCXxca0
— SpacePay (@SpacePayLtd) April 1, 2025
Protection From Crypto’s Price Swings
Merchants face a risk when accepting cryptocurrencies: a $50 Bitcoin payment received in the morning could depreciate to just $40 by the end of business hours due to market volatility. No business can operate with that kind of uncertainty.
SpacePay tackles this with an instant settlement system. When someone pays with cryptocurrency, the merchant gets their money in regular currency – immediately. That $50 sale stays exactly $50 in their account, regardless of whether Bitcoin crashes five minutes later.
The system locks in the exchange rate during the transaction. If the market fluctuates during those few seconds, SpacePay absorbs the difference. The shop owner just sees a normal payment hitting their account without any crypto drama.
Changing Transaction Economics with Low Fees
Credit card processors typically charge 2.5% to 3.5% on every transaction. These fees add up quickly for small businesses.
A mid-sized fitness center processing $50,000 in monthly membership fees would typically pay about $1,500 each month in traditional processing fees. With SpacePay’s 0.5% fee structure, that drops to just $250. It puts an extra $1,250 back into the business every month.
SpacePay achieves these low fees by cutting out middlemen. When you swipe a credit card, your payment bounces between multiple companies before reaching the merchant days later. SpacePay creates a more direct path using blockchain technology.
The $SPY Token Ecosystem
The $SPY token powers SpacePay’s payment ecosystem. From the total supply of 34 billion tokens, here’s how they’re distributed:
- 20% allocated to the public presale (6.8 billion tokens)
- 18% for strategic partnerships (6.12 billion tokens)
- 18% for ecosystem development (6.12 billion tokens)
- 18% for marketing and community building (6.12 billion tokens)
- 17% for user rewards and loyalty programs (5.78 billion tokens)
- 12% for reserve fund (4.08 billion tokens)
- 10% for development (3.4 billion tokens)
- 5% to founding team (1.7 billion tokens)
Token holders receive monthly loyalty airdrops based on platform activity and governance rights to vote on important decisions. They also benefit from a revenue-sharing model – as more businesses use SpacePay, a portion of transaction fees flows back to token holders.
How to Participate in the SpacePay Presale
The project recently rescheduled their Token Generation Event (TGE) to Q2 2025 after consulting with advisors. This delay allows the team to secure top-tier launchpad partnerships and wait for more favorable market conditions.
The presale is progressing through multiple stages, with the price increasing at each new stage. The current price of $0.003181 represents an early opportunity to participate before potential increases.
If you’re interested in getting involved with SpacePay, joining the presale is simple. Here’s a step-by-step guide to participate:
- Visit SpacePay’s official website at presale.spacepay.co.uk.
- Click on the “Connect Wallet” button at the top of the page.
- Choose your preferred wallet from the options (MetaMask, WalletConnect, and others are supported).
- Once connected, decide how many $SPY tokens you wish to purchase at the current price of $0.003181.
- Select your payment method.
- Confirm the transaction in your wallet.
JOIN THE SPACEPAY ($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
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Maximize Your Trading With Margex’s 20% Deposit Bonus
‘Buy in May, Get Paid in June?’ – $300K Bitcoin Calls Heat Up, BTC Bull Token Is Locked In
CoinGecko Report Analysis: What Moved Crypto in Q1 2025?
14 Best Crypto Bonuses in 2025 – Top Exchange Offers & Promotions
BingX Launches $10 Risk-Free Copy Trading Voucher for New Users in Exclusive Event
