SpacePay payment solution offers solutions to many of the challenges that we have had with crypto. The platform features could make it easy for anyone to accept crypto payments.
The London-based fintech platform is having a successful presale, raising around $1 million so far, and this is because investors are rushing to the ecosystem to position themselves in what could become the future of payment.
Many people believe in the potential of SpacePay and its SPY token to change the way finance is done, and this could easily make the solution valuable to everyone.
SpacePay offers a new payment system, but rather than requiring users to get new devices and wallets, it works easily with existing payment and point-of-sale machines and more than 325 wallets. With this, users don’t have to incur the expenses of getting new payment devices.
With this, it is easy for many people and businesses to use SpacePay’s solution since they are only required to continue using the system they are accustomed to.
Additionally, accepting crypto payments can open up businesses to a new customer base, as people who wish to pay with crypto could be eager to use such stores.
How SpacePay Gets the Job Done for Users
SpacePay uses various methods to ensure that crypto payments are seamless and more efficient than cash payments. One of the ways is to protect funds from the effects of volatility.
When a crypto payment is made, merchants can choose to receive them in the fiat currencies of their choice. An automatic conversion to fiat currency ensures that the value of the funds stays the same, regardless of fluctuations in crypto price during the transaction.
SpacePay’s solution is cost-efficient, as it charges only a 0.5% merchant fee. This straightforward pricing makes it easy to determine how much a merchant will receive during payment. The platform is built to be transparent with pricing and does not impose hidden charges.
Another feature the platform offers is the instant settlement of transactions. There is no processing time, unlike a traditional payment system that can sometimes take days to settle. This efficient system has been attracting many to the SpacePay ecosystem.