Altcoin Alert: Why SpacePay’s SPY is Trending Now
SpacePay is a new crypto payment solution that has set out to integrate crypto into the traditional financial infrastructure.
The user-friendly software can be used within existing card machines. It supports over 325+ wallets, while letting merchants accept payouts in their traditional currencies.
Merchants are tapping into a new customer base
The popularity of cryptocurrencies is as wild as their price swings. Over the last few years, traditional investors have been diversifying their portfolio to accommodate cryptocurrencies. The rapid growth of assets like Bitcoin and Solana, despite the ups and downs, is behind the market’s rise to glory.
But cryptocurrencies are merely tools of investment now. They largely lack utility as currencies outside the crypto market. Simply put, you can’t buy a meal using cryptocurrencies.
Technically, you can. But nobody wants to log in to a crypto exchange, convert their BTC to a fiat currency, and then transfer that amount to the retailer to have a meal.
To bring cryptocurrencies to the mainstream of finance, crypto payments should be simpler. This is exactly what SpacePay (SPY) makes possible. The decentralised, terminal-agnostic payment protocol is integrated within card machines.
It gives merchants access to a new customer base cost effectively, while mitigating volatility risks. If the project unfolds as planned, it will reduce transaction fees and operational costs for consumers, ecommerce platforms, and retail stores.
Scalable and secure
SpacePay’s payment infrastructure is scalable and adaptable.
The Android terminal agnostic APK of SpacePay enables seamless integration with various different payment platforms and applications.
Another feature is transparency and cost predictability, allowing both consumers and merchants to use the application with no hidden fees. All transactions are secured through cryptography. That protects the solution against the risk of fraud and unauthorized access.
Since users are paying from their own wallets, they have control over their funds. While merchants have to pay a fee to access the solution, there are no integration costs for payment companies.
Instant settlement and zero waiting times
SpacePay has taken multiple measures to offer an efficient payment experience for merchants.
For example, merchants are apprehensive about crypto payments due to their wild fluctuations. Addressing this, the project has a volatility protection mechanism in place. Regardless of where the crypto price is headed, It allows merchants to receive the agreed-upon fiat amount.
Here is a quick overlook of the project’s key accomplishments.
- $750,000 raised from private investors
- Honored with the “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23
- Reinvestment through a completed buy-back option.
- The Minimum Viable Product (MVP) has already completed development.
- SpacePay is strengthening its market position by securing IP (Intellectual Property).
- SpacePay aims to be compliant with regulatory standards for broad adoption across the world.
The purchase process is simple. Users can scan a QR code and initiate transactions. There is no need to transfer funds between different platforms.
Why SPY is trending
SPY is the utility token of SpacePay. It is used as a payment and a reward. It is also a governance token that gives holders a say in the project’s future.
Voting on important decisions like new initiatives, features, and token strategies will be held once per month. Community governance ensures that the project development aligns with the community’s vision.
Active users of the ecosystem will get monthly loyalty airdrops in $SPY tokens for their support. The revenue-sharing model brings passive income to active wallets, while maintaining the token demand.
Investors can also join the quarterly connect webinars. The 45-minute sessions with the SpacePay’s leadership team will give the community first-hand insights into the company’s plans and progress.
$400K raised: SPY presale gateway is now open
The $SPY presale is now live. It has raised more than $400K already. The growing buying frenzy signal an early sell-out.
To grab SPY tokens for discounted prices before the exchange listings, investors should act early. The token price increases with each new stage of the presale.
Join the $SPY presale
For the latest updates about the presale and project developments, join the SpacePay community on X (Twitter) and Telegram .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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