Since Ethereum introduced smart contracts, cryptocurrency has advanced significantly, but it still feels cumbersome to use it to make in-store purchases. Adoption is hampered by cumbersome wallets, slow networks, and expensive gas prices.
SpacePay fills that need by providing a streamlined, recognizable method of using cryptocurrency to make payments in the real world.
By emphasizing smooth in-store transactions without interfering with current systems, SpacePay is revolutionizing the use of cryptocurrency for real-world payments.
SpacePay is a strong competitor in the cryptocurrency payments market thanks to its SPY token, which powers a user-first strategy that blends speed, security, and usability. The company raised more than $1 million in presale.
Why can’t you pay with crypto at checkout yet?
Ethereum brought a lot of new things to the world of cryptocurrency, such as smart contracts, DeFi, and NFTs. But it’s still not a good way to get a sandwich. It doesn’t work for everyday purchases because transactions take too long, gas prices are hard to predict, and there are technical problems, as per a report.
XRP and Litecoin are other coins that are quick and cheap, but they never made it to real stores. Not many people use crypto to buy food or gas.
How is SpacePay going to change that?
SpacePay is taking a different path. It doesn’t try to make a new Layer 1 blockchain or start over with payments; instead, it works with what stores already have. SpacePay uses an APK that doesn’t depend on any one terminal to work with card machines that are already in place.
Customers can pay by scanning a QR code that works with one of more than 325 wallets. Merchants can get cash right away, without having to worry about the ups and downs of the crypto markets. The end result is the same as any other card transaction: it’s quick, easy, and familiar.
What is SPY?
You can do more than just trade with the SPY token. It runs the whole thing. People who own the platform can vote on changes to it, get rewards for being loyal, and share in its profits. You can even send money directly to charities through the network.
SPY is in presale right now, and it has already made over $1 million. The token is worth $0.003181 right now, but its value should go up in the future. The platform is already up and running, follows all the rules in many places, and has even won awards for being creative.
SpacePay may finally be the company that makes it easy to use cryptocurrency in your daily life by focusing on how it works and how easy it is to use.
Also read: Solo Bitcoin Miner Wins $373K Block Reward Jackpot
