SpacePay is gaining serious traction in the cryptocurrency market with its unique approach to payment processing. The platform connects digital currencies to conventional payment networks. It gives us the power to help merchants accept crypto payments quickly and easily. SpacePay presale has already raised over $1.1 million in successful presale. Now, it’s poised to shake up the payment industry and lead the world adoption of cryptocurrencies.
SpacePay's Innovative Payment Solution
SpacePay launches a revolutionary enterprise solution enabling merchants to seamlessly accept cryptocurrency payments to their regular card machines. This eliminates the need for costly hardware refreshes. It makes complex integrations much easier, allowing businesses of all sizes to seamlessly integrate digital currencies. SpacePay is compatible with more than 325 wallets. Its compatibility with over 20,000 cryptocurrencies provides customers the freedom to pay however they choose.
Here’s the biggest benefit to SpacePay — it protects merchants from the price volatility associated with cryptocurrencies. This protection allows for a much more stable financial environment conducive to businesses. The platform offers instant fiat conversion, allowing merchants to receive payments in their local currency without being exposed to market fluctuations. This feature in itself offers a lot of stability and security, which will motivate more business to start accepting crypto payments.
In fact, the average merchant is paying 2-3% on each sale to process payments the old way. SpacePay provides a more affordable solution, lowering transaction fees and boosting profitability for merchants. In addition, token holders earn a share of the transaction fees SpacePay collects from merchants, making it an attractive ecosystem for everyone involved.
Tokenomics and Distribution
SpacePay’s tokenomics are carefully designed to ensure long-term growth and sustainability. Having a total supply of 34 billion tokens, SpacePay has distributed its tokens to cater to various requirements. The $SPY tokens have a market price of $0.003181/token.
We’ve set aside 20% of total tokens to the public presale. This presents a unique opportunity for original early stage investors to be involved with the continued growth of the platform. Strategic partnerships 18% Strategic partnerships building strong relationships in the industry will help strengthen SpacePay. Another 18% of tokens go to marketing, further increasing SpacePay’s visibility. User rewards and loyalty programs Token allocation = 17% This part of the token allocation rewards users for adopting and being active on the platform. Funding development work takes 10% of all tokens, dedicating resources to ongoing innovation and improvement of the SpacePay ecosystem. A 12% contingency fund allows the flexibility to take advantage of unexpected opportunities or respond to challenges, promoting the overall long-term stability of the project. Unlike many other crypto platforms the founders of SpacePay retained only 5% of tokens for founders themselves, which makes their interests directly correlated with success of the platform.
Market Impact and Future Potential
With rapid adaptation, SpacePay’s innovative payment solution could help revolutionize the way businesses accept payments and enhance overall transaction efficiency. By allowing crypto payments using merchants’ already-installed card terminals, SpacePay reduces a key hurdle to merchant adoption. The platform is very popular, primarily because it supports more than 325 wallets. It includes instant fiat on/off-ramp, creating a simple, powerful, all-in-one tool.
The success of SpacePay’s presale, which has already raised more than $1.1 million, proves the strong demand for SpacePay’s services. As crypto payments gain mainstream acceptance, SpacePay is strategically located to take a large slice of the pie. The platform aggressively outcompetes on transaction fees. It further protects merchants from crypto price volatility, truly setting the platform apart from legacy payment processors.
