With groundbreaking Web3 card machines, SpacePay is set to revolutionize the future of cryptocurrency payments. The platform’s technology will provide local businesses with quick and easy acceptance of cryptocurrency payments. The system is compatible with all existing Android payment terminals. It’s replete with the advantages it brings to merchants and consumers alike.

Disrupting Traditional Payment Systems

SpacePay’s blockchain-based, peer-to-peer approach eliminates the need for intermediaries, which means lower transaction fees for businesses. The company’s transaction fee is just 0.5%, much lower than fees charged by legacy payment processors. This lowering of fees can substantially help small and medium-sized enterprises (SMEs) that are typically hurt by high costly transaction fees.

The system takes care of the volatile nature of cryptocurrency by locking in the exchange rate for the duration of payment processing. This valuable feature protects merchants from unexpected price declines. This drastically reduces volatility and makes accepting cryptocurrency a more attractive option for businesses. SpacePay’s intelligent price-locking technology allows local bookstores to easily accept cryptocurrency payments. This groundbreaking innovation addresses the hazards associated with price volatility.

SpacePay’s technology is compatible with Android payment terminals already in use and sitting on counters around the world. This compatibility makes it simple to integrate and minimizes the burden on businesses to buy and install new hardware.

Tokenomics and Community Engagement

As details reveal, SpacePay’s native token, $SPY holders will receive numerous benefits including monthly loyalty airdrops determined by platform activity. Token holders receive governance rights over key platform decisions. This creates a unique opportunity for them to shape the collaborative agreement’s future direction. Further, $SPY holders get early access to new features. That makes them some of the first to benefit from all the newest innovations!

SpacePay's token distribution is strategically designed to support the platform's growth and development. The limited distribution of tokens means only 20% of the total tokens will fund the public presale. This structure provides an opportunity for private sector early adopters to invest in the project. The founding team only gets 5% of the tokens, which locks them into the platform’s long-term success. The rest of the tokens go to partnerships, ecosystem development, marketing, and user incentives, making it a well-rounded tokenomics that focuses on growing the ecosystem.

The SpacePay presale is open to all Space investors. It’s a great opportunity for crypto advocates who are hopeful about realizing the vision of making crypto payments super simple. That investor confidence is visible with the company having already raised well over $1 million during its ongoing presale.

Roadmap and Future Developments

The SpacePay team is dedicated to being open and iterating over time. Though the project has accrued a great deal of attention, the Token Generation Event (TGE) was recently delayed until Q2 2025. This delay gives the team additional time to refine the platform and join the WHC in ensuring the platform’s smooth, successful launch.

The choice to delay the TGE speaks to SpacePay’s dedication to launching a successful product. The company is deeply committed to delivering a robust, extensible and high performance platform. This platform will be able to quickly respond to the needs of the rapidly evolving cryptocurrency space. The additional time gives the implementation team the opportunity to do rigorous, robust testing and QA. This enables them to address any concerns or pitfalls before the full-scale release.

Going forward, SpacePay plans to double down on building strategic partnerships and growing its network of partner businesses on SpacePay. SpacePay joins hands with the industry leaders to accelerate the adoption of its platform. This approach goes a long way in solidifying its position as the preferred provider of cryptocurrency payment gateway solutions.