SpacePay’s ($SPY) launch is finally getting closer. The project, created to tackle many of the major issues that crypto users have been struggling with, is now in its final testing phase.
Based on the information given by the developers, the focus for November will include testing withdrawals, carrying out gasless transactions, and final integrations.
The token has been growing quietly in its presale, with more than $1.4 million raised so far. Early investors are getting in at the current low price of $0.004210 before the final launch. One could easily see it as one of the best cryptos to buy at this time because of its offerings.
What Makes SpacePay Stand Out?
SpacePay is a London-based fintech solution that seeks to make crypto payments as easy as using cash. The platform is integrating features that can encourage more people to adopt crypto since they can use it just like the systems they are accustomed to.
SpacePay works with more than 325 crypto wallets, meaning many users can use almost any wallet they have. The platform also integrates with current point-of-sale payment machines. Stores only need to incorporate it, and they can start receiving crypto.
Many People Do Not Want to Receive Crypto Payments, but That Could Be Changing
Various factors discourage people from making or accepting crypto payments. These range from high fees to volatility. Many people also do not understand how it works, as it typically requires learning a new payment model.
SpacePay developers understand these problems and aim to improve them. According to their whitepaper, they are creating a volatility protection mechanism, ensuring that when a customer pays with crypto, the merchant can receive the funds in fiat currency of their choice. So, if a customer pays with BTC, the seller can receive the funds in USD.
The entire process is also designed to be fast. In fact, the white paper describes it as instant, with zero waiting time. This is tailored to fit various types of businesses, so users don’t have to wait long hours to access their funds.
SpacePay also charges very low fees. The system is designed to charge a 0.5% merchant fee per transaction, which is lower than the industry standard for payments.
SpacePay has a Global Vision: Why $SPY Could Be the Best Altcoin to Buy Right Now
There is also concern about crypto regulation, as many are wary of the rules governing the use of crypto in their locations. SpacePay developers state that they will be operating in all unsanctioned countries worldwide. They are interested in operating based on what is permitted within each region.
The platform is not controlled by a central authority. This gives users complete control over their funds. It could also protect against unauthorized access by a third party.
With the increasing popularity of crypto, a system that simplifies its use for everyone could see rapid adoption. The goal is worldwide use, and if SpacePay achieves this, its $SPY token could experience massive adoption in a short time. This may position it as a viable altcoin to buy now.
The Testnet Is Live, and Final Integrations Are Expected This November
The SpacePay One testnet is already live, available on the Base Sepolia and Ethereum Sepolia networks. This allows various developers and users to test how everything works before the final launch.
This testnet features a functional payment widget and a seamless user experience flow for checkout. The multi-chain capabilities enhance its reach and leverage more tools. The foundation needed for fiat integration will also be tested in this version.
The developers advise using only desktop devices for now. They are fixing a few bugs that may arise when using the mobile version. Feedback received from this first public preview will be used to make the platform better.
$SPY Could See a Spike in Value Once Adoption Begins
The $SPY token could be the biggest beneficiary of the project’s maturation. It is tied to various uses within the ecosystem, potentially increasing its value over time. If SpacePay begins to see global adoption as it hopes, tokens like $SPY could experience more holding.
Apart from being used for transactions within the platform, the token offers additional benefits to its holders. This includes monthly loyalty airdrops, which reward the most active users of the platform as a token of appreciation.
There are also revenue-sharing models that allow users to enjoy passive income from the platform’s revenue. $SPY holders will also be involved in the platform’s governance and its growth over time, gaining access to new features before the general public. Moreover, they will participate in charitable initiatives through the platform.
The Platform is Getting Recognized Already: Here’s How to Buy $SPY in the Crypto Presale
The platform is already gaining attention; despite still being in the crypto presale stage, it received an award for ‘New Payment Platform of the Year’ at the CorporateLiveWire awards 2022/23. Some investors who believe in its vision have also invested around $750,000 into the platform.
Here is how to secure the token: get a decentralized wallet, fund it with a supported token, which includes ETH, USDT, BNB, SOL, and various other options. Connect the wallet to the presale website.
After this, the investor can click on the option to buy the token and fill in the required information. The $SPY tokens will be secured after the transaction has been confirmed.
Discover the future of crypto payments with SpacePay
Presale: https://presale.spacepay.co.uk/
Website: https://spacepay.co.uk/
X: https://x.com/spacepayltd
Telegram: https://t.me/SpacePayTG