In retail shops and cafés worldwide, customers often ask if crypto is accepted. Most times, the answer is no.
The uncertainty around crypto payments deters businesses from exploring digital assets. Yet, as the global use of crypto grows, so does the demand for real-world payment solutions. This is where SpacePay, a London-based fintech startup, is finding its place—by simplifying crypto payments for merchants and users alike.
SpacePay has developed a payment protocol that turns any Android Point of Sale (POS) terminal into a crypto-accepting device. This upgrade allows merchants to accept cryptocurrency payments without changing hardware or dealing with complex software installations.
Through a lightweight APK, SpacePay integrates directly with existing systems, making it easy for merchants to process crypto transactions.
Customers simply scan a QR code, pay with one of the 325 supported wallets, and the merchant receives funds instantly in local currency. This instant fiat settlement removes volatility risks and eliminates the need for third-party conversions.
By streamlining operations and improving reliability, SpacePay offers the feel of card transactions, but powered by blockchain.
Security is a priority. SpacePay uses NFC technology combined with AES encryption to facilitate safe, contactless transactions. NFC offers two-factor authentication and lets devices verify their authenticity, hence preventing fraud and illegal payments.
What you'll learn 👉
Building a Future-Proof Crypto Ecosystem
SpacePay’s mission goes beyond simple payments. The startup has designed its protocol to support a decentralized financial future, where users and merchants interact without relying on central intermediaries.
According to the project’s team, its entire roadmap is shaped by the feedback and support of its community. This community-led model is already piquing attention.
The ongoing presale of SpacePay’s $SPY token has surpassed $1 million, so we have strong interest from retail and institutional participants. Priced at $0.003181, the presale offers early backers an entry point into SpacePay’s growing ecosystem. The token itself powers the platform and comes with several utility features.
Holders gain early access to features, eligibility for loyalty airdrops, and a share in platform revenue. Voting rights allow participants to steer the project’s direction, reinforcing a decentralized and transparent system.
The team also allocates funds to match donations made by token holders to charitable causes, strengthening the project’s social impact. Despite this momentum, SpacePay recently announced a shift in its Token Generation Event (TGE) timeline. In a tweet, the company explained the move:
“After thoughtful discussions with our advisors, market makers, and industry leaders, we have made the important decision to reschedule our TGE to Q2 2025.”
The post, shared by SpacePay’s official X account, emphasized long-term goals over short-term hype. According to the team, the delay allows for finalizing partnerships with top-tier launchpads and aligning with favorable market conditions. By focusing on strategic timing, SpacePay aims to maximize its token launch’s impact.
The founder, Maxwell Bunting, addressed the community’s concerns in a Telegram AMA scheduled for March 29, 2025.
He reiterated that the team is focused on ensuring the TGE becomes a “milestone event” that reflects four years of development. The team’s stance has resonated with early investors, many of whom view the delay as a sign of commitment to sustainability rather than a setback.
Enabling Smarter Crypto Payments for Real-World Use
One of SpacePay’s standout features is its competitive pricing. The platform charges only a 0.5% transaction fee—far lower than traditional card networks that typically charge more. This difference helps businesses save significantly on payment processing while also offering instant settlements.
Merchants enjoy full protection from price volatility. When a customer makes a crypto payment, SpacePay converts the digital asset into local currency instantly. This ensures that businesses always receive the exact amount owed.
Combined with immediate fund access, this feature removes the common barriers that discourage crypto acceptance in everyday settings.
Moreover, the user experience remains frictionless. With SpacePay’s infrastructure, users can shop with their crypto wallets as easily as they use cards.
The compatibility with over 325 wallets means most digital asset holders can use the service without needing to transfer funds to new platforms. From groceries to electronics, crypto can now be used for purchases without delays or hidden charges.
Additionally, the system rewards engagement. Users benefit from instant confirmations, zero fees when receiving payments, and loyalty incentives. These perks increase retention and expand the merchant’s customer base.
How to Join the SpacePay Ecosystem
Joining SpacePay is designed to be as easy as using it. To buy $SPY tokens during the presale, users must connect a crypto wallet—like MetaMask—on the project’s official website.
The purchase widget allows participants to use ETH, BNB, MATIC, AVAX, BASE, USDC, or USDT. Credit or debit card purchases are also supported, offering more flexibility.
After connecting a wallet, users choose their preferred currency and approve the swap for $SPY. The platform recommends ensuring enough crypto remains in the wallet to cover gas fees during the transaction. Once complete, the $SPY tokens are delivered to the wallet, giving holders access to the platform’s benefits.
Participants can stay informed about new updates by following SpacePay on X (formerly Twitter) and joining the project’s Telegram channel. The social platforms share information on milestones, development progress, and upcoming events. This transparency encourages continued community involvement.
The team at SpacePay is still concentrating on collaborations and protocol enhancements as it prepares for the token launch in Q2 2025. For those who want to get engaged early, the presale is still available, and the project shows no signs of slowing down.
JOIN THE SPACEPAY (SPY) PRESALE NOW
Website | (X) Twitter | Telegram
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.
