With a creative approach to simplifying crypto payments, SpacePay (SPY) has become the latest altcoin to make waves. In its ongoing presale, SpacePay is on its way to hitting the $500,000 milestone.
What is the big deal about SpacePay (SPY), and why is it predicted to be the next big thing in crypto? Here is an analysis.
Making Crypto a Real Currency
To put it simply, SpacePay revolutionizes how we use digital assets for everyday transactions. The project’s mission is to turn cryptocurrencies into viable, everyday currencies.
True, crypto investments have soared in recent years. But using them for routine purchases is still a pain. The day hasn’t yet come where we can pay for our coffee or gym subscription with Bitcoin. It’s far from seamless.
That’s why the market needs SpacePay. And that explains why around $750,000 has flowed into the project from private investors and another $400,000 from public investors. They signal strong confidence in its vision.
In the SPY token presale, investors can grab the token at discounted prices before it officially launches on exchanges. Once $SPY hits the market, it is expected to soar high on the altcoin chart. If the project unfolds as laid out in the white paper, early investors stand to see significant gains. The MVP has already been built and is in the beta phase.
SpacePay’s goal is simple: cryptocurrencies should be as easy to spend as local currencies. But how does it plan to do that?
The Problem with Current Crypto Payments
Although cryptocurrencies are hailed as the future of finance, they have struggled to break into mainstream payment systems. Why is that?
Most people don’t want to navigate the complexities involved. For example, setting up new crypto wallets and navigating multiple platforms to exchange crypto into fiat. Most importantly, the uncertainty of price fluctuations.
Merchants, in particular, are hesitant to accept crypto payments due to volatility. For them, a sudden price drop could mean a significant loss in their business.
These factors create payment friction and keep cryptocurrencies largely confined to investment portfolios instead of everyday use. SpacePay is designed to fix these issues. It offers an efficient payment system that both merchants and consumers can trust.
Crypto Payments, Simplified
SpacePay is integrated with existing card terminals. Customers can simply scan a QR code at checkout to make SpacePay crypto payments.
Merchants don’t need to buy new equipment to start accepting crypto payments, as a result. It eliminates the hassle and costs. They get paid in the fiat currency of their choice. While a customer makes payment in crypto, the merchant doesn't have to worry about its price fluctuating overnight. Since they get the exact value in their local currency, there is no volatility risk.
SpacePay supports over 325 digital wallets. There are no hidden fees or transaction costs. Customers and payment companies can use the application without paying additional costs. It will be crucial to mainstream adoption in everyday commerce. SpacePay uses advanced cryptographic security measures to protect users from unauthorized access.
SpacePay won the "New Payment Platform of the Year" award at the CorporateLiveWire Global Awards 2022/23.
Once SpacePay completes testing and secures its intellectual property rights, it will be made available for the public. It will meet global regulatory standards to gain traction across multiple countries.
$400k Raised And Counting: Is It Too Late To Join The SpacePay Presale?
SPY tokens, the native crypto of SpacePay, will be used for payments, rewards, and governance. SPY token holders will gain access to exclusive features like quarterly webinars, where they can stay updated on the platform’s journey.
Each stage of the SPY presale brings a price increase. Early investors can secure tokens at the lowest available price. As SpacePay continues to build momentum, the presale is breaking past new milestones. The SpacePay community has exploded to around 6000 members on Telegram and around 55K followers on Twitter.
SPY is one of the best new altcoins to enter the market this year, with a bold vision for the future of crypto. To grab SPY tokens before sell-out, investors should act early.
For the latest updates about the presale and project developments, join the SpacePay community on X (Twitter) and Telegram.
Disclaimer: The above is a contributor post, the views expressed are those of the contributor and do not represent the stand and views of Outlook Editorial.
