Cryptocurrencies have revolutionized finance by offering a decentralized and transparent payment system. However, mainstream adoption of cryptocurrencies remains a challenge. SpacePay aims to change this by offering a new cryptocurrency payment software solution that revolutionizes how people transact in the digital age. The project bridges traditional payment infrastructure with blockchain technology, empowering payment companies and merchants to facilitate safe and secure crypto transactions on their card machine systems. Founded by Maxwell Bunting, SpacePay aims to become a decentralized, community-driven equivalent of Visa and Mastercard, offering user-friendly software that integrates seamlessly with existing card machines to drive widespread adoption of cryptocurrencies.
SpacePay’s software allows consumers to use over 325 different wallets for day-to-day purchases, while merchants receive payouts in traditional currencies through SpacePay. Merchants benefit from faster settlements and reduced fees by using SpacePay, a terminal-agnostic payment protocol that supports crypto transactions in retail environments. The project has received the “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23, highlighting its innovation and impact on the payment industry. SpacePay aims to cater to a diverse range of users, including individuals, e-commerce platforms, and retail stores, to promote the mass adoption of cryptocurrencies.
SpacePay offers a comprehensive suite of features to make crypto transactions secure, seamless, and accessible. Transactions are settled immediately, with zero waiting time, and a volatility protection mechanism ensures that merchants receive the agreed-upon fiat amount regardless of price fluctuations. The platform supports a wide range of cryptocurrencies and allows users to initiate transactions by scanning a QR code without the need to transfer funds between different platforms. SpacePay is cost-efficient for merchants, as users and payment companies can use the platform fee-free, providing a competitive advantage in the market.
SpacePay operates in a community-centric fashion, offering investors a share of the revenue, full access to team calls, voting rights on company direction, early access to private features and betas, charitable donations, and loyalty airdrops. The project focuses on establishing credibility by providing information about the team and their roles in the white paper, and founder Maxwell Bunting is actively engaged on the SpacePay Telegram, addressing questions and concerns. The native cryptocurrency token of SpacePay, $SPY, allows investors to earn passive income and unlocks various utilities such as voting rights, donations, and access to new features, products, services, and quarterly connect webinars with the SpacePay team.
SpacePay’s $SPY utility token is currently in a presale phase, offering public investors discounted prices before launching on popular crypto exchanges. The project is poised to announce major partnerships with the world’s largest card machine companies, aiming to launch on over 4.5 million devices across nine countries in 2024. SpacePay’s commitment to regulatory compliance and cost efficiency positions it as a leader in the next generation of payment systems, with potential to become the Visa and Mastercard of the crypto market. Private investors have shown interest in SpacePay, raising around $750,000 and ensuring compliance with regulatory standards across different countries. As a promising crypto utility project, $SPY has high growth potential and is anticipated to make a significant impact on the crypto market.
