Crypto is popular. But we can’t spend it as easily as cash or cards. Digital currency is still considered tricky for everyday purchases.
Even in 2025, businesses are reluctant to accept cryptocurrency.
A fintech startup based in London changes that. It isn’t another crypto project in the ideation phase. SpacePay ($SPY) has already launched a working Minimum Viable Product (MVP) and is setting the stage for crypto to go mainstream in 2025.
The Big Problems Holding Crypto Payments Back
Crypto payments have yet to take off. There are many reasons why.
To begin with, the high volatility of the market could cause losses for businesses. For example, let’s say, a store accepts payments in Bitcoin. Within minutes, the price could drop before they cash out.
The next challenge is the complicated setup. Most crypto payment solutions require businesses to buy new hardware or go through complex integration processes. Small and medium-sized businesses can’t afford it.
There is more. Traditional crypto transactions can be slow compared to credit card payments and some payment processors charge high fees.
All of these cut into businesses’ profits.
Clock is ticking ?? pic.twitter.com/toIsIP2VF2
— SpacePay (@SpacePayLtd) February 17, 2025
SpacePay Solves All of These Problems
SpacePay eliminates the risk of crypto volatility. Here, customers pay in crypto using a QR code. Businesses receive the exact amount in fiat.
Since the transaction is settled in real time, businesses never lose money due to price swings.
Businesses don’t need extra hardware or devices to integrate SpacePay crypto payments. It works with existing Android-based POS terminals. The SpacePay app turns any compatible payment system into a crypto-friendly checkout.
For merchants, this means no hassles of set-up and no extra expenses. SpacePay supports more than 325 wallets.
Since payments are as easy as scanning a QR code, customers have an easy time making crypto payments too.
Another big advantage of SpacePay is its cost-effectiveness.
- Transaction fee for merchants: 0.5% (much lower compared to credit cards, which charge 1.5%–3.5%).
- No additional fees for customers when paying with crypto.
- Zero integration costs for payment providers.
Lower fees mean higher profits for businesses, again.
Crypto payments can be risky, like any other payments. Fraud, hacks, and scams are not unheard of in the crypto market.
A Community-driven Ecosystem
$SPY powers payments and rewards in the SpacePay ecosystem. $SPY holders have voting power to influence platform upgrades and decisions.
The community helps make crucial decisions for the project.
The decentralized approach aims at building community strength. The feature makes SpacePay stand out from traditional financial platforms.
Clock is Ticking: $SPY Token Presale Nears $1 Million
The SpacePay presale is fast approaching the $1 million milestone. It is currently selling for $0.003126, with the price set to increase at every new stage.
$SPY isn’t just for speculation. It offers real utility, like voting rights on platform decisions, loyalty rewards for frequent users, and access to exclusive platform features.
The $SPY tokenomics is designed for sustainable growth, with 18% of the total supply going to marketing and 10% allocated to development. The strategic allocations support adoption and awareness.
As a project that tackles the obstacles that have long held crypto payments back, SpacePay stands out. It offers instant fiat settlements, easy integration, low fees, and strong security. In other words, it removes the barriers that have prevented businesses and users from accepting crypto.
With its presale gaining momentum and adoption rising, SpacePay ($SPY) could be the next altcoin to take off in 2025. But investors have little time to secure the token at discounted prices before it is listed on crypto exchanges.
To learn more about SpacePay and the ongoing presale, visit the official website. Follow the community on Twitter and Telegram for the latest presale and project updates.