SpacePay, a London-based fintech startup, is gaining traction as a promising entrant in the cryptocurrency payment sector. The platform offers seamless integration with existing point-of-sale (POS) systems, allowing merchants to accept over 325 crypto wallets without requiring new equipment. Crucially, it enables instant fiat conversion of crypto payments, ensuring merchants receive regular currency—such as dollars or euros—immediately, shielding them from crypto price volatility [1]. With a transaction fee of just 0.5%, significantly lower than most traditional payment processors, SpacePay is positioning itself as both cost-effective and scalable for businesses seeking to expand their customer base [1].
Bitcoin holders, in particular, are showing strong interest in SpacePay’s presale, which has already raised over $1.2 million. These investors, many of whom recognize the value of Bitcoin as a long-term store of value, are now looking to diversify their portfolios with utility tokens that offer real-world applications and governance rights. The $SPY token, SpacePay’s native token, is designed with tokenomics that provide holders with voting rights and a share of the platform’s revenue. The token’s total supply is capped at 34 billion, with 20% allocated for public sale, 17% for user rewards, and additional allocations for development, partnerships, and marketing [1].
What makes the presale particularly compelling is its dynamic pricing model, which increases the token price at each stage, rewarding early buyers. The current price of $0.003181 presents an opportunity for investors to acquire tokens before the anticipated price appreciation. The growing buzz around the project, as observed in platforms like Twitter and Telegram, indicates a thoughtful and engaged community, rather than mere hype-driven interest [1].
SpacePay’s emphasis on compliance and security further strengthens its credibility. With a minimum viable product already developed, the platform is moving beyond the theoretical stage, demonstrating its ability to execute on its vision. This tangible progress, combined with its user-friendly approach—supporting both crypto wallets and regular bank cards—lowers the barrier to entry for both experienced and new investors [1].
Bitcoin holders and crypto investors are increasingly seeking projects with immediate utility, and SpacePay addresses a critical gap in the market by enabling everyday crypto transactions in traditional retail environments. As mainstream crypto adoption grows, SpacePay appears to be well-positioned to benefit from the evolving landscape.
Source: [1] How SpacePay’s Viral Presale Turns Bitcoin Holders into Early Investors (https://99bitcoins.com/news/how-spacepays-viral-presale-turns-bitcoin-holders-into-early-investors/)
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