This Hot New Altcoin Simplifies Crypto Transactions for Everyday Use – Next to Break Out?

Cryptocurrencies are popular among investors these days. But they have yet to justify the word ‘currency’ in cryptocurrency. They’re not suitable for everyday shopping. Not until now, at least.

SpacePay (SPY), a fintech startup based in London, has set out to change this narrative. The project believes that crypto payments can be simple, secure, and accessible. More importantly, a future where crypto is as common in retail as cash or cards is not distant.

Crypto as a Practical Currency

SpacePay aims to change how we think about currency. It is on a mission to make crypto payments as easy as scanning a QR code.

The project addresses some of the biggest hurdles in the widespread adoption of crypto payments. For example, user experience. Today, it is ridiculous to pay for a coffee with crypto. You need to log in to an exchange first. Then change your crypto into fiat. And then transfer it to the retailer’s account. It’s a lot of trouble for a cup of coffee.

That’s not all. There are price fluctuations to consider. The price of cryptocurrencies shifts so rapidly that it doesn’t make sense for businesses to accept them. What if the price drops after you have made a payment? They will have to bear the losses. That’s not a sustainable way to run a business.

Then there is the cost and effort of integration to consider. While crypto integration will allow businesses to tap into a tech-savvy demographic, how much would it cost? And how long will it take? Is it worth all the effort and investment?

SpacePay addresses all these concerns and more.

A simple-to-integrate system

SpacePay puts forward a simple-to-integrate system that can fit seamlessly into existing point-of-sale (POS) infrastructure. There is no need for complex new hardware or hours of setting up. The Android-based application works with current POS systems.

Investors don’t have to worry about a massive, expensive overhaul, as a result. With SpacePay, they can start accepting crypto payments alongside traditional methods conveniently. It is simple, safe, and fast.

From the shopper’s perspective, using SpacePay is as easy as scanning a QR code at the checkout counter. There’s no need to deal with cards or cash. They just need to open the app, scan, and authorize the transaction. The user-friendly app fits neatly into the current digital payment landscape.

Now let’s see how the app addresses the biggest concern for businesses––the crypto volatility.

SpacePay allows merchants to accept crypto payments but receive funds in their local currency. On the one hand, it keeps the payment process smooth and flexible for crypto users. On the other, it protects businesses from market volatility.

Secure Payments with NFC Technology

SpacePay is incorporating Near Field Communication (NFC) technology to enable short-range, secure payments. Although the feature is used for transactions using smartwatches and smartphones, SpacePay brings it to the crypto world.

Devices have to be physically near to process transactions using NFC. Plus, the system verifies both devices before processing payments. It adds an extra layer of protection for both merchants and shoppers.

Crypto for a competitive edge

Crypto users are a growing demographic. Many investors prefer to spend their digital assets directly, without going through exchanges. SpacePay allows businesses to tap into this expanding market.

Being an early adopter of this trend will give them a strong competitive edge. SpacePay’s instant settlement feature ensures that businesses don’t have to wait for their money. It boosts cash flow. The scalable solution can grow with the evolving market.

$SPY Token is making waves

SpacePay’s native token, $SPY, is currently in its public presale phase. The project raised nearly $750,000 in its private presale. The public presale is racing ahead to an early sell-out, having raised $420,000 so far.

Holding $SPY unlocks exclusive benefits for investors, such as early access to new features and products. They also get access to quarterly connect webinars, which provide updates and insights directly from the team.

SpacePay plans to roll out a revenue-sharing model. It will give early backers a chance to grow with the project. Token holders will earn a share of the platform’s earnings as passive income. It aligns its success with SpacePay’s expansion.

By simplifying crypto payments, SpacePay positions itself as a key player in the future of retail. For investors eager to capitalize on the next big thing in crypto, the ongoing SPY presale is an excellent investment gateway.

Join the $SPY presale

For the latest updates about the presale and project developments, join the SpacePay community on X (Twitter) and Telegram .