Crypto Retail Payment Simplified: Why SpacePay is an Altcoin Investment to Not Miss This Week
SpacePay (SPY) is the latest crypto presale sensation. The London-based fintech startup just hit the $1 million presale milestone. The buying frenzy continues to grow despite the broader market downturns.
What sets SpacePay apart from the crowd of altcoins is its focus on innovation. The project sets out to change the way we have used crypto in retail, with its MVP already developed.
What you'll learn 👉
A crypto payment solution for retail
SpacePay makes crypto transactions simple. The project’s goal is to expand the utility of cryptocurrencies and make them as usable as credit cards and cash. It helps businesses tap into the growing demographic of crypto users.
To build this ecosystem, SpacePay has simplified the existing pain points faced by both businesses and shoppers. Although crypto payments have high potential, they come with serious drawbacks:
- The first is volatility risks. Merchants can’t afford to accept a payment today only to see its value drop tomorrow. Most businesses run on predictable cash flow. Small and medium-scale businesses, in particular, will find it difficult to accept crypto as it can disrupt revenue management.
- Networks like Ethereum often face congestion. This leads to unpredictable and exorbitant fees in busy markets. If paying for a cup of coffee with crypto costs more in fees than the coffee itself, it is not a sound deal.
- Another hassle is integration. Many crypto payment solutions require businesses to install new hardware or learn complicated processes. Most businesses don’t want to put in the extra effort and cost to tap into the crypto demographic. While large brands can afford it, small businesses find it a luxury.
For crypto to make its journey from an investment and become a widespread payment method, we need real solutions. SpacePay shrinks the gap.
No more volatility worries
Price volatility is one of the biggest villains that stand in the way of crypto adoption. Using SpacePay, businesses don’t have to worry about fluctuating crypto prices.
The payments they receive are instantly converted into local currency. In other words, they always receive the exact amount they charge.
Let’s say a merchant sells a product for $50 and a customer buys it using BTC. Using existing crypto payment methods, the merchant is at risk of BTC dropping its value by the time he converts it to his local currency. But with SpacePay, the BTC worth $50 is instantly converted to his local currency so that he doesn’t lose money no matter what happens to the crypto market.
The strategic system eliminates the uncertainty that has long kept crypto away from the masses. It widens the asset’s scope as a digital payment.
Accept crypto without changing systems
Most crypto payment solutions require new hardware or a complete system change. Not SpacePay. It integrates with existing Android-based POS systems.
This means businesses don’t need to invest in extra equipment or learn a complicated setup. They can start accepting crypto payments easily.
Lower transaction fees
Traditional payment processors like Visa and Mastercard charge between 1.5% and 3.5% per transaction. These fees add up. For small businesses operating on thin profit margins, it can make a big difference.
SpacePay offers a flat 0.5% transaction fee. This gives businesses one more reason to accept crypto. Crypto is not just a fancy alternative to tap into a new demographic. When used efficiently, it can cut down costs and help businesses boost profits too.
For businesses with high transaction volumes, this can mean significant cost savings over time.
$SPY: The top new altcoin to watch this year
The $SPY presale is racing ahead, breaking past the $1 million milestone. The new altcoin’s key attraction lies in the fact that it is backed by innovation. $SPY token is ingrained into the SpacePay ecosystem with a wide range of utilities.
While many crypto projects hype their potential, they often fail to deliver a functional product. SpacePay already has a Minimum Viable Product (MVP) ready in the presale phase.
It isn’t just another token. The project’s utility asset is designed to make crypto payments work in the real world. Here’s how $SPY creates value beyond simple transactions.
- Holding $SPY grants users access to loyalty rewards and governance rights.
- Long-term holders benefit from SpacePay’s revenue-sharing system
- Users engaging with the SpacePay ecosystem can earn additional $SPY tokens
To learn more about the project and join the presale, visit the official SpacePay website. The presale accepts both crypto and fiat payments.
Join the SpacePay community on Twitter and Telegram for the latest project updates.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
