The post Next-gen Crypto Payment Solutions – SpacePay is the Hottest Altcoin to Watch Now appeared first on Coinpedia Fintech News
Altcoin season is about to begin. Strategic investors are preparing for the next bull run.
How?
By hoarding underpriced cryptocurrencies before they run wild. A top altcoin that has caught their eyes is SpacePay.
In stark contrast to most coins that centre themselves in the crypto world, SpacePay looks beyond. It is building a crypto payment solution for the real world. It could make everyday crypto payments hassle-free for merchants and consumers.
Crypto to the Mainstream
Cryptocurrency has disrupted traditional investments. Can it do the same for everyday shopping? SpacePay (SPY), a London-based fintech startup, is up for the challenge. It is developing a payment solution to seamlessly integrate cryptocurrency into the retail experience. The MVP is already in beta.
SpacePay focuses on user-friendliness, security, and flexibility to make digital currencies a mainstream payment option.
A Simple Setup for Merchants and Shoppers
For merchants, crypto is not a viable option. Not as it is now, at least. The idea of accepting cryptocurrency is scary to them. There are too many technical challenges, to begin with. Crypto volatility is another obvious concern. Nobody wants to accept crypto payments for a product or service and then watch the coin’s value crash.
SpacePay addresses these issues. With SpacePay, businesses don’t have to rework their payment system. Neither do they have to invest in expensive hardware. It directly integrates into existing point-of-sale (POS) systems.
Retailers can start accepting crypto payments using their existing setup. There is no hassle of installation. SpacePay’s Android-based app is designed for easy integration.
Merchants can accept crypto payments from shoppers. But they receive the payments in their local currency. A wide range of digital assets and wallets are supported by the platform. The payments are credited in fiat currencies. So merchants are protected from any sudden market fluctuations.
Customers can make crypto payments simply by scanning a QR code generated on SpacePay. It is as easy as making fiat payments using mobile wallets.
Consumers get the flexibility to spend their digital currencies. Businesses, on the other hand, get the security of stable transactions.
Integrated With NFC Technology
SpacePay uses Near Field Communication (NFC) technology. It makes payments faster and more secure. Tapping a smartphone or smartwatch near the terminal is all it takes. There is no need to pull out a card or type in PINs.
It translates into convenience, whether you are a shopper or a business.
This short-range communication method ensures that payments are encrypted. It also ensures that both devices are in direct communication. It can reduce the risk of fraud to a great extent. Also, it protects businesses from digital scams, such as card skimming and cloning.
What’s in it for Retailers?
More people are beginning to embrace digital currencies. It’s not easy to spend cryptocurrencies though. Who wants to deal with the hassles of logging into an exchange and converting crypto into fiat first, anyway?
Huge opportunities await businesses that can cater to the growing demographic of crypto users. They stand to gain a strong competitive edge. Crypto compatibility is a great way to stand out.
SpacePay can help them. It allows retailers to stay ahead of the curve.
But it’s not just about being trendy. SpacePay’s instant settlement feature allows businesses to get their money right away. It helps businesses that rely on quick cash flow for smooth operations.
$SPY Token for Exclusive Perks
At the core of SpacePay’s ecosystem is the SPY token. It does more than just power payments. For example, the asset comes with exclusive perks, such as early access to new features and products, as well as the governance of the ecosystem.
SpacePay is also rolling out a revenue-sharing model. That means SPY token holders could soon earn passive income from the platform’s growth. SPY is not just a utility token. It is also an investment with real growth potential.
That explains why the $SPY presale is gaining significant traction. In the private presale, SpacePay raised close to $750,000. In the public presale, it has already brought around $450,000.
The presale price of SPY is currently $0.001964. But it will climb up in just a few days. Dynamic pricing promotes early investments.
For the latest updates about the presale and project developments, join the SpacePay community on X (Twitter) and Telegram.