SpacePay Bridges the Gap Between Crypto and Traditional Payment Systems, Exposes Businesses to Larger Customer Base

SpacePay’s Android payment app lets merchants accept cryptocurrency while getting paid in their local currency. Customers pay with crypto, and merchants

Point-of-sale crypto payment solution SpacePay has closed a private funding round of $750,000 from several unidentified investors. The funds will be used to continue developing the platform, including a buyback option for sustained development.

SpacePay is designed to bridge the gap between traditional payment systems and the crypto economy, enabling merchants to accept cryptocurrency payments and get paid in their local currency. The platform facilitates crypto payments for individuals, e-commerce platforms, and retail stores. It integrates with over 325 wallet providers, allowing users to seamlessly spend their digital assets. Additionally, SpacePay boasts compatibility with existing card machines, enabling merchants to quickly begin accepting crypto payments and expanding their customer base.

The platform赫赫s cost-effective payment solutions with minimal merchant transaction fees (0.5% per transaction) and instant settlements without any hidden costs. Operating on a decentralized system, SpacePay prioritizes security, privacy, and efficiency. Transactions are secured through robust cryptography, minimizing fraud risks. Users maintain complete control over funds and private keys through their own wallets.

SpacePay supports multiple cryptocurrencies, including Bitcoin, Ethereum, Tether’s USDT, and others, providing users with flexibility in payment options. Merchants benefit from immediate settlement without waiting periods, unlike traditional payment systems. SpacePay also features a volatility protection mechanism that ensures merchants receive their agreed-upon fiat amount regardless of cryptocurrency price fluctuations, mitigating risks and encouraging adoption.

The platform token, $SPY, is available for purchase on SpacePay’s website. Users can connect their MetaMask or other wallet to the site and purchase $SPY tokens using ETH, BNB, MATIC, USDT, USDC, AVAX, BASE, or a bank card by swapping funds in any of these tokens for SPY.

To purchase, users access the buy widget, select their desired amount of tokens to swap for SPY, and authorize the transactions in their wallet. There must be enough money to also cover the fee the network will charge.