SpacePay Enables Cryptocurrency Payments at Regular Stores Using Payment Terminals That Merchants Already Have

SpacePay enters the market with a simple approach. This London-based startup isn't trying to create an entirely new payment ecosystem – instead, they're making cryptocurrency work with existing systems.

Many people have heard about cryptocurrency, but are unable to use it for everyday purchases. Bitcoin, Ethereum, and other digital currencies are growing in greater popularity; however, several challenges prevent widespread adoption.

Crypto prices fluctuate dramatically, making merchants nervous about accepting them. The payment process often requires some knowledge that average consumers don’ width. Additionally, most consumers hesitate to download yet another app when their credit cards already work efficiently.

How SpacePay Is Changing the Game

SpacePay enters the market with a simple approach. This London-based startup isn’t trying to create an entirely new payment ecosystem – instead, they’re making cryptocurrency work with existing systems.

SpacePay enables cryptocurrency payments at regular stores using payment terminals that merchants already have. No new equipment or complicated setups are needed.

The platform acts as a decentralized intermediary between crypto wallets and stores’ existing payment systems. When customers pay with crypto, merchants can receive their local currency. Store owners don’t have to worry about a cryptos’s price dropping after a purchase, and consumers can spend digital assets without unnecessary complications.

SpacePay stands out by focusing on solving real problems. Their system works with over 325 different crypto wallets, allowing users to continue using whatever platform they’re already comfortable with. There’s no need to transfer funds or learn a new interface.

For merchants, adding SpacePay requires minimal effort – just a simple software update on existing card machines. Once set up, payments arrive instantly, eliminating the days of waiting associated with traditional bank transfers.

SpacePay also charges only 0.5% transaction fee. This is significantly lower than what most credit card processors charge, resulting in better margins for businesses.

Clock is ticking 🕰️ pic.twitter.com/toIsIP2VF2

— SpacePay (@SpacePayLtd) February 17, 2025

The SPY Token: More Than Just Another Crypto Coin

At the heart of this system is the SPY token, which has already raised over $980,000 in its presale phase. Currently priced at just $0.003153, early investors are entering at ground level before the token potentially gains traction in the broader market.

SpacePay has created 34 billion SPY tokens with a thoughtfully designed distribution plan. 20% goes to the public sale, and 17% is earmarked for rewarding users.

The remainder is allocated between development (10%), founders (5%), partnerships (18%), marketing (18%), and reserves (12%).

This distribution shows a strategy focused on long-term growth rather than quick profits. The substantial investment in user rewards and partnerships showcases an understanding that adoption depends on building a thriving ecosystem, not just innovative technology.

Benefits for SPY Token Holders

Holding SPY tokens offers several benefits beyond speculative value. Active users of the SpacePay platform receive monthly loyalty airdrops, with the most engaged users getting priority.

Token holders will also gain influence over SpacePay’s development. Each month, they can vote on new features and initiatives, ensuring the platform evolves in ways that benefit the community.

Early access to new features gives token holders a chance to explore innovations before their wide release. There is also a revenue-sharing model which gives users a compelling reason to hold SPY tokens long-term. As SpacePay processes more transactions, token holders will receive a portion of the generated fees. This creates a direct link between SpacePay’s success and potential returns for token holders.

There will also be quarterly webinars that will connect token holders with the leadership team. These 45-minute sessions will provide insights into the company’s progress and plans.

Why SpacePay Could Transform Payment Systems

SpacePay distinguishes itself by solving a real problem in a practical way. While many crypto projects become entangled in technical jargon and theoretical applications, SpacePay focuses on making cryptocurrency payments work in everyday situations right now.

The company has already demonstrated its ability to execute. They’ve raised $750,000 from private investors, completed a strategic buy-back, and developed a functioning product.

Their regulatory compliance allows operation in all unsanctioned countries, providing potential global reach. This approach has earned recognition, with SpacePay recently winning “New Payment Platform of the Year” at the CorporateLiveWire Global Awards.

SpacePay bridges the gap between traditional payment systems and cryptocurrency. This positions them perfectly to benefit as digital currencies become more mainstream. It is not requiring a complete overhaul of payment habits but a gradual integration into existing payment infrastructures.

This practical approach, combined with a token that offers genuine utility and a team that has proven its execution capabilities, sets the foundation for potentially significant growth once the presale concludes.

How to Get SPY Tokens During the Presale

Purchasing SPY tokens during the presale requires using a decentralized wallet like Metamask, Best Wallet, and Wallet Connect. Interested buyers should connect the decentralized wallet to SpacePay’s website using the