SpacePay’s Crypto Solution Helps Merchants And Users: Understanding How It Works for Everyone

2025-1-20 22:00

Picture your last trip to a coffee shop. You probably handed over cash or tapped your card without thinking twice about it. Now imagine using your crypto wallet just as easily.

That’s what SpacePay brings to everyday shopping – the ability to pay with digital currencies as simply as cash or cards. This  approach to making crypto useful in daily life has brought in nearly $1 million in presale funding, with SPY tokens at $0.002666.

Customers use their preferred wallet among 325+ options to scan and pay, while merchants receive their local currency instantly. By removing technical barriers and keeping fees at just 0.5%, SpacePay turns crypto payments into something as natural as buying your morning coffee.

How a SpacePay Payment Actually Works

Let’s follow a simple coffee purchase to see SpacePay in action. When you order a $5 latte, the barista enters the amount on their regular payment screen, just like they would for a card payment.

Instead of asking for your card, the screen shows a QR code that contains all the payment details.

Opening your crypto wallet app – any of the 325+ supported ones – you scan this code. At this moment, SpacePay’s technology checks three things at once: your wallet balance, current market rates, and the merchant’s account details.

This happens faster than a credit card authorization, and the coffee shop sees payment confirmation on their screen within seconds.

The magic happens in how the money moves. While you pay in your preferred cryptocurrency, the coffee shop gets exactly $5 in their local currency. The 0.5% fee means they pay just 2.5 cents on this transaction, compared to up to 17.5 cents with credit cards.  

Making Sense of the Numbers

Let’s look at how SpacePay’s fees affect different types of businesses. A busy restaurant serving 200 customers daily with an average bill of $30 processes about $6,000 in payments.

With traditional card fees at 3%, they lose $180 daily or $5,400 monthly. SpacePay’s 0.5% fee would cost just $30 daily or $900 monthly – putting $4,500 back into their business every month.

For a retail store selling higher-priced items, the savings grow even more significant. Take a clothing boutique processing $20,000 monthly in sales. Credit card fees at 3% take $600 from their earnings.

With SpacePay, they pay only $100 in fees, saving $500 every month. That’s $6,000 yearly they can use for new inventory, store improvements, or staff bonuses.

The instant settlement makes these savings even more valuable. When a store processes $1,000 in morning sales, that money is available immediately for afternoon supply runs or paying delivery drivers.

No more waiting until Wednesday to access weekend earnings or missing out on supplier discounts because payments haven’t cleared.

Why Crypto Payments Need to Be Simple

Most people shy away from using crypto for daily purchases because current systems feel too complex.

Copying long wallet addresses, checking multiple conversion rates, and waiting for payment confirmations turn simple purchases into time-consuming tasks. A quick coffee run shouldn’t need technical knowledge or math skills – it should feel as natural as paying with cash.

SpacePay looks at payments from both sides of the counter. Store owners want to see confirmed payments on their regular screens without learning new systems.

Customers want to pay quickly using wallets they already know. By connecting to existing payment terminals and supporting 325+ wallets, the platform makes crypto payments work within familiar shopping habits.

The QR code system bridges this gap perfectly. Just as we scan QR codes for restaurant menus or product information, scanning to pay feels natural.

When merchants see how easily they can accept digital payments while paying lower fees and getting instant access to their money, the decision to add crypto payments becomes simple.

Getting Started with SpacePay

The presale has reached nearly $1 million with SPY tokens at $0.002666, drawing support from people who see how simpler payments help both stores and customers.

Joining works through a clear process on SpacePay’s official website, where you can use familiar payment methods like USDT, AVAX, BASE, MATIC, ETH, and BNB. For those new to crypto, bank card payments offer an easy entry point.

Token holders become part of a growing payment network that shares success among all participants. When stores process payments through SpacePay, a portion of the 0.5% fee goes back to token holders through revenue sharing.

Monthly voting rights let holders shape platform growth, while quarterly webinars keep everyone updated on progress and plans.

The platform grows based on real-world needs, adding features that help stores and customers use crypto more easily. Join SpacePay’s Telegram and Twitter communities for updates.

                                  JOIN THE SPACEPAY (SPY) PRESALE NOW

       Website    |    (X) Twitter    |  Telegram 

The post SpacePay’s Crypto Solution Helps Merchants And Users: Understanding How It Works for Everyone appeared first on CaptainAltcoin.

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