SpacePay

SpacePay is a decentralized payment protocol that works with existing point of sale (POS) terminals, and allows merchants to accept crypto payments without requiring any additional hardware. Transforming crypto transactions into local fiat currencies instantly removes volatility risks for retailers and provides customers with a convenient means of spending digital assets on everyday purchases.

Project Goals and Objectives

SpacePay is designed to fill in that gap between cryptocurrencies and everyday transaction by making crypto payments as easy and widespread as payments through cash or cards. The objectives of this blockchain network are to facilitate easier merchant adoption of crypto payments through an easy integration, and a fees as low as 0.5%, and fiat settlements to minimize the risk of volatility. SpacePay wants to be flexible and convenient for merchants and consumers by supporting over 325 digital wallets.

Tokenomics

Holders of the SPY token can enjoy benefits like monthly airdrop based on platform activity, voting rights on important proposals and a share of the platform’s earn. SPY tokens are being sold on the presale at a price of $0.002597 per token, which means that it’s early enough to be an investor in a platform with a great deal of growth potential.

ICO Information

With the presale close to the $1 million mark, the SPY token has generated a lot of interest, serving as a presence in SpacePay’s Initial Coin Offering (ICO). Retail and institutional investors are drawn in through SPY token presale where they are offered at $0.002597 each. The shopping is really easy, participants can buy SPY tokens via ETH, BNB, MATIC, USDT, USDC, AVAX, BASE, bank card.

Technology Features

With existing Android POS terminals, SpacePay’s technology can integrate with existing merchant infrastructure and enables merchants to accept crypto payments without a massive capital outlay or long integration period. That helps provides instant fiat settlements and keeps merchants protected from cryptocurrency volatility. Over 325 digital wallets are supported and how to settle payments with the platform gives customers the freedom of choice when it comes to possible payment environments. SpacePay uses advanced encryption standards and Near Field Communication (NFC) technology for contactless transactions and a secure transaction.

Team and Leadership

Specific details regarding SpacePay’s team and leadership is not widely publicized, but the platforms innovative solutions combined with its rapid progress as a crypto payment is quite likely a team with expertise in finance and technology sectors. Development of the platform and strategic partnerships show their commitment to closing the gap between cryptocurrencies and regular transactions.

Roadmap

Future plans for SpacePay include continuing to develop its payment solutions, increasing the payment method supported wallets, and the formation of strategic partnerships to increase platform adoption rate. The future plans include staking options, where users may get passive income by staking their funds to the stake pool. The goal of this strategy is to actively promote long term holding of SPY tokens and build a healthy, empowered community around them.