SpacePay Makes Crypto Payments Simple: Platform Nears $1M in Presale Funding

Imagine paying for coffee with crypto as easily as using a credit card, while the shop pays just 0.5% in fees instead of 3%.

SpacePay makes this possible by connecting over 325 crypto wallets to standard payment terminals. As the platform approaches $1 million in presale funding with tokens at $0.003126, it offers a practical solution to everyday payment challenges.

What is SpacePay and How Does it Work?

SpacePay is a payment platform that lets businesses accept crypto payments through their existing terminals while receiving their local currency instantly. The system works by creating a direct bridge between crypto wallets and standard Android-based payment equipment.

When a merchant enters a sale amount, the terminal displays a QR code that customers scan with any of the supported wallets.

Behind this simple interface, SpacePay handles all the complex parts automatically. Smart contracts verify wallet balances and transaction details in seconds.

Key Features That Make SpacePay Different

The 0.5% fee structure provides savings for businesses across industries. A retail store processing $50,000 monthly saves $1,250 compared to typical 3% card rates.

For restaurants operating on tight 3-5% margins, this fee reduction can double their actual profit on card transactions. These savings add up to thousands yearly that businesses can reinvest in growth, inventory, or staff.

SpacePay’s instant settlements change how businesses manage their money. When a store makes a sale, they receive funds immediately rather than waiting days for card payments to clear.

This immediate access helps businesses pay suppliers faster, restock inventory sooner, and respond quickly to opportunities. Weekend sales become available right away instead of being trapped in processing until midweek.

Price protection removes volatility concerns that previously kept merchants from accepting crypto. When a store sells something for $100, they receive exactly $100 in their local currency, regardless of crypto price changes during the transaction. This stability lets businesses confidently accept digital currencies without worrying about market movements affecting their income.

The system works with existing payment terminals through a simple software update. This integration means zero equipment costs and minimal training for staff. Stores keep using their familiar payment screens, just with added crypto capabilities.

SpacePay’s Achievements and Development Roadmap

SpacePay secured $750,000 from private investors to build its core payment technology. This early funding helped develop the smart contract system that now processes transactions instantly while maintaining security. The investment showed market confidence in the team’s ability to create practical payment solutions.

The platform completed comprehensive Smart Contract Audits, verifying that the payment system handles funds securely. These audits examined the code for vulnerabilities and confirmed that merchant payments process reliably. This security milestone proves the system can handle financial transactions safely.

Industry recognition came through the “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23. This acknowledgment from payment experts validates SpacePay’s approach to solving merchant payment challenges.

The development roadmap follows three clear phases. Phase one focuses on Launch Preparations, with completed audits and ongoing exchange listing plans. Phase two brings Platform Launch with full payment features active, while phase three targets Global Expansion through increased merchant partnerships.

Each phase builds on previous achievements, creating sustainable growth based on working technology rather than speculative features.

Regulatory compliance opens doors for worldwide operation. SpacePay meets standards needed to process payments legally in unsanctioned nations, removing barriers that might otherwise limit market expansion.

Tokenomics and Presale Details

SpacePay created 34 billion SPY tokens with specific allocations for each part of the ecosystem. The public sale receives 20%, putting tokens directly into active circulation. User rewards claim 17%, funding monthly airdrops and loyalty programs for active users. Development takes 10% to support ongoing technical improvements.

Strategic partnerships and marketing each receive 18%, helping spread platform awareness while building valuable business connections. A 12% reserve fund stays ready for future opportunities, while the founding team gets 5%, aligning their success with the platform’s long-term growth.

The presale approaches $1 million with tokens priced at $0.003126. This funding supports further development as the platform prepares for exchange listings and full feature activation. The revenue sharing model will give token holders portions of transaction fees, creating passive income as more merchants use the system.

To join the presale, visit SpacePay’s official website and connect your crypto wallet. The platform accepts USDT, AVAX, BASE, MATIC, ETH, BNB, and bank cards. After selecting your payment method, enter your desired investment amount, review the details, and complete your purchase. The system guides you through each step, making participation simple regardless of your crypto experience.

Stay updated on development progress and merchant adoption through SpacePay’s Telegram and X channels, where regular updates share platform milestones and growth metrics.

JOIN THE SPACEPAY (SPY) PRESALE NOW

Website | (X) Twitter | Telegram

The post SpacePay Makes Crypto Payments Simple: Platform Nears $1M in Presale Funding appeared first on Cryptonews.