SpacePay’s Android payment app lets merchants accept cryptocurrency while getting paid in their local currency. Customers pay with crypto, and merchants receive traditional money—all without risk. It’s as simple as a regular card payment.

Merchants can stand out by accepting cryptocurrency with SpacePay. The platform makes it easy to attract customers looking to spend their digital assets. SpacePay’s seamless solution helps businesses create memorable in-store experiences that drive customer loyalty.

Businesses can begin accepting crypto payments and connect with over 400 million new customers. This is possible because accepting crypto as payment makes merchants potentially access the global crypto community.

Secure transactions are important in the finance industry, especially with cryptocurrency. SpacePay prioritizes robust security measures throughout its entire platform. From transaction initiation to finalization, merchants have complete peace of mind.

The decentralized solution believes the power of many shapes the future. Every decision, from supported tokens to global expansion, is driven by its vibrant community. The platform listens, collaborates, and innovates to make cryptocurrency payments accessible and secure for everyone.

SpacePay champions a future where finance is open, transparent, and accessible to all through decentralization. The protocol operates independently of any central authority, empowering merchants and consumers. This fosters trust, reduces reliance on traditional financial institutions, and paves the way for a more inclusive financial landscape.

The solution has had some accomplishments and recognition that make it stand out from the crowd even though it is relatively new. SpacePay raised $750,000 from private investors. The company completed a buyback option for continued development.

The company completed its Minimum Viable Product (MVP) and is acquiring intellectual property to secure its market position.

The platform operates in compliance with regulatory standards in unsanctioned nations. The company won the “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23.

Here’s how SpacePay addresses the challenges hindering crypto payments, offering a comprehensive solution designed for both users and merchants:

The decentralized solution recognizes that mass adoption requires serving diverse users. The platform caters to individuals, e-commerce platforms, and retail stores.

The solution integrates with 325+ wallet providers, enabling individuals to spend their crypto holdings effortlessly to various individuals and merchants. Seamless integration with existing card machines simplifies crypto acceptance, expanding the customer base and offering faster settlements.

SpacePay’s scalable payment infrastructure adapts to the evolving cryptocurrency market. Its wide compatibility leverages established infrastructure and global reach, handling high transaction volumes without compromising efficiency. The Android terminal-agnostic APK enables integration across various payment platforms, fostering wider adoption and ecosystem growth.

The platform provides cost-effective payment solutions with minimal merchant transaction fees (0.5% per transaction). It also offers instant settlements with no hidden fees, ensuring transparency and predictability.

Operating on a decentralized system, SpacePay ensures security, privacy, and efficiency. Transactions are secured through robust cryptography, minimizing fraud risks. Users maintain complete control over funds and private keys through their own wallets.

The platform supports various cryptocurrencies, including Bitcoin, Ethereum, Tether’s USDT, and others. This gives users flexibility in payment options. Merchants receive immediate settlement without waiting periods, unlike traditional payment systems.

SpacePay has a volatility protection mechanism that ensures merchants receive their agreed-upon fiat amount regardless of cryptocurrency price fluctuations, mitigating risks and encouraging adoption.

The SPY token is the native token of the platform. Holding the token also attracts benefits to users. For example,  the most active wallets on the SpacePay platform will receive monthly loyalty airdrops.

Token holders participate in monthly votes on proposals affecting the platform’s development, features, and token-related decisions. They also receive early access to new SpacePay features and products before public release.

The token includes a revenue-sharing model where holders receive a portion of platform revenue as passive income. SpacePay also matches token holders’ donations to pre-selected charities using platform revenue.

Token holders will also be able to connect with SpacePay’s leadership through quarterly 45-minute webinars. These sessions cover company progress, plans, and upcoming innovations.

Buying the SPY token is straightforward. Users can connect their MetaMask or other wallet to the website using the widget at the top of the presale page. 

From there, they can purchase $SPY tokens using ETH, BNB, MATIC, USDT, USDC, AVAX, BASE, or a bank card by swapping funds in any of these tokens for SPY.

To purchase, users can access the buy widget, select their desired amount of tokens to swap for SPY, and authorize the transactions in their wallet. There must be enough money to also cover the fee the network will charge. 

JOIN THE SPACEPAY (SPY) PRESALE NOW

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Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post SpacePay Bridges the Gap Between Crypto and Traditional Payment Systems, Exposes Businesses to Larger Customer Base appeared first on CaptainAltcoin.

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