Bitcoin's surge to its new highs has had a domino effect on the entire crypto economy. Utility-centric cryptos that were not getting much traction have finally started to gain solid ground. And what utility is better than one offering more streamlined payment solutions that reduce bottlenecks, enhance transparency, and can be more expansive?
That's the idea behind the conceptualization of SpacePay. This utility-centric crypto project aims to bridge the gap between traditional finance and decentralized technologies to circumvent the issues that exist within the blockchain domain and TradFi.
Available on presale, this project has raised upwards of $500K so far. Will it be able to grow further?
In simple terms, the official whitepaper describes SpacePay as user-friendly software solutions that let merchants get their settlements done faster and users use their cryptocurrency for day-to-day uses. It can integrate with a traditional card and can utilize crypto from over 325 wallets.
The platform has been described as a "terminal agnostic" payment system that can easily be integrated with card machines.
The idea is to make cryptocurrency payments easier to adopt by installing this blockchain technology to something fiat users are already familiar with, with an added advantage of making the payment solutions more efficient and cost-effective.
Users will be able to leverage SpacePay as an all-in-one solution, as it will integrate over 325 wallet providers, as mentioned above. Think of it as a terminal that lets you use any crypto wallet that you have access to.
For merchants, this can be another system that can be installed in their card machines. This will allow cryptocurrencies to be transacted in the same way as fiat.
SpacePay promises that this service won't only be free for users, but it also won't put any extra cost burden on payment companies. With a transaction fee of only 0.5%, this project aims to keep user-centricity at the forefront.
SpacePay reportedly offers a lot more than just enabling crypto payments. Here is a peek into some of the features that it claims to deliver:
At the heart of SpacePay is the SPY token. This multi-utility crypto is an ERC-20 asset offering a wide array of perks to users. These include:
SpacePay has been able to raise $500k via the public presale, after raising upwards of $750,000 from private investors. With such a strong backing, it is clear that this project can potentially move towards mainstream adoption once it finally goes live.
https://x.com/SpacePayLtd/status/1855704675812585592
Furthermore, major publications like Finbold, Techopedia, News BTC, and more have also done a deep dive into this project, which showcases that SpacePay's use cases are already turning heads within the crypto community.
To participate in the presale, visit the official website today.
Visit SpacePay