SpacePay Is Changing How Businesses Embrace Cryptocurrency Payments
Last updated:
September 24, 2024 04:04 EDT
Share
Copied
Last updated:
September 24, 2024 04:04 EDT
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. While it has undergone editorial review to ensure quality and relevance, it may not reflect the views of Cryptonews.com and is clearly distinguished from our independent editorial content.
People’s perceptions of money have undoubtedly shifted since the introduction of crypto. This is mostly because sending and receiving money using cryptocurrency is the simplest method.
Crypto transactions are fast and less expensive than traditional payment options. There is no middleman or bank to question or handle the transactions.
Accepting cryptocurrency for day-to-day operations, on the other hand, can be difficult due to its volatility. This is precisely where
SpacePay
comes in with its solution. How is it addressing that issue? Let us find out.
What is SpacePay?
SpacePay
is a digital asset payment software solution. The project aims to close the gap between the old financial system and blockchain.
In order to fill this gap, SpacePay is providing a software solution that enables businesses to integrate cryptocurrency payments with their present card readers. Consumers may now make everyday purchases using digital currencies from over 325 wallets.
SpacePay is attempting to solve a few fundamental challenges that are currently affecting the traditional payment business. Security risks, privacy concerns, and a lack of transparency are some of the most prominent difficulties with centralized payment systems.
This is because typical payment systems prioritize convenience over speed, security, and privacy. It puts users at risk for data breaches and theft of identities. Additionally, there is also an absence of transparency in centralized systems. Users have virtually no control over their finances.
However, retailers are hesitant to accept crypto. This is due to technical obstacles, volatility risks, and a lack of awareness of its benefits. Although some payment options support cryptocurrency, they are confined to a few cryptos.
SpacePay’s solution to the community
To deal with all of these challenges, SpacePay has launched its payment system. It focuses on both users and merchants. SpacePay connects individuals to over 325 wallet providers.
This enables them to spend cryptocurrency at any merchant who has incorporated SpacePay. SpacePay offers merchants a cost-effective platform. SpacePay charges 0.5% transaction fees each transaction, which is lower than the greater rates charged by other notable payment systems.
Furthermore, SpacePay provides fast settlement with no waiting time. The platform ensures that payments are processed immediately. The next major problem that SpacePay addresses is volatility.
Cryptocurrencies are notoriously volatile. SpacePay includes a volatility protection system. This is where the cryptocurrency is promptly changed to the merchant’s fiat currency, helping to prevent quick price changes.
Successful ongoing presale of the native token
The SpacePay project has completed multiple milestones in a short period of time.
It has raised $750,000 from private investors. Furthermore, they have effectively reinvested in their growth via a completed buy-back option. SpacePay also complies with regulatory requirements.
SpacePay also won the “New Payment Platform of the Year” category at the CorporateLiveWire Global Awards 2022/23. The
presale
for the project is still running, with over $400,000 already raised.
To purchase SPY tokens and become a part of this project, all you need is a compatible wallet like Coinbase, Best Wallet, or WalletConnect. You can then purchase SPY by linking your wallet to their website. Just make sure you have ETH, USDC, or USDT in your wallet.
The SPY coin is the foundation of the SpacePay platform. The token plays an important role in the ecosystem. SPY tokens help to incentivize user participation while also serving a variety of other objectives.
SPY token holders are going to be accepted into monthly loyalty airdrops to the most active wallets. Token holders are additionally receiving voting rights. This will let them vote once a month on major ideas, new features, and token-related choices.
The token’s overall supply cap is 34 billion. In this, 20% is kept aside for public sale. 17% of the tokens are allocated for user rewards and loyalty.
Furthermore, 10% is reserved for development, 5% for the founders, and 18% for partnerships and marketing. The last 12% is for reserve funds.
Keep up-to-date on the project’s progress by following their social media accounts.
JOIN THE SPACEPAY (SPY) PRESALE NOW
Website
|
Twitter
|
Telegram
Follow us on Google News
Disclaimer: The text above is an advertorial article that is not part of
Cryptonews.com
editorial content.
