The post Sip Your Coffee, Pay with Bitcoin, Get Cash Instantly: How SpacePay Makes It Simple appeared first on Coinpedia Fintech News
You pull out your phone to pay with Bitcoin at a local cafe, and the merchant gets dollars in their account before you reach the door.
This scenario sounds impossible to most business owners who avoid crypto because of complexity and risk. SpacePay built a system that makes it real. Customers pay with digital currencies through any of 325+ supported wallets. Merchants receive fiat currency immediately. The whole transaction costs just 0.5% in fees.
The London-based company connects to existing Android payment terminals through simple software. No new hardware required. No staff training needed. With over $1.4 million already raised, the market clearly sees potential in this approach.
Why Your Morning Coffee Purchase Matters
Small transactions represent the biggest test for any payment system. Buying coffee or lunch reveals whether technology actually works in real conditions or just looks good in presentations.
Most crypto payment solutions fail this test. High fees make small purchases uneconomical. Slow confirmations create awkward waits at the counter. Complex setups confuse both customers and staff.
SpacePay designed its platform specifically for these everyday moments. The speed matches card payments. The cost stays low enough that a $5 purchase makes sense. The interface feels familiar to anyone who has used a payment terminal before.
Something like 400 million people own crypto around the world. Plenty of them would use it to buy everyday stuff if the process actually worked without hassle.
https://twitter.com/SpacePayLtd/status/1965090668679921987
How Bitcoin Payments Work Without Volatility Risk
The volatility problem has blocked crypto adoption for years. A merchant accepts Bitcoin for a sale, then watches helplessly as the value drops 10% overnight.
SpacePay solved this by handling conversion in real time. The customer scans the payment code with their Bitcoin wallet. The transaction processes on the blockchain. SpacePay converts the crypto to local currency within seconds. The merchant receives stable fiat money in their account.
The speed of this conversion matters tremendously. Price movements that might happen over minutes or hours become irrelevant when settlement takes only seconds. Merchants set prices in their local currency and receive exactly that amount every time.
This protection extends beyond Bitcoin to all supported cryptocurrencies. Whether customers pay with Ethereum, BNB, or stablecoins, merchants always receive predictable fiat amounts.
Getting Cash in Your Account Changes Everything
Receiving actual usable currency instead of crypto tokens removes the final barrier for merchant adoption. Business owners need to pay rent, suppliers, and employees in standard money.
Traditional payment processors charge between 2% and 4% for similar instant settlement. SpacePay does it for 0.5%. A restaurant processing $30,000 monthly would save roughly $450 to $900 compared to conventional options.
The money shows up ready to use immediately. No waiting periods. No conversion processes. No dealing with exchange accounts. From the merchant perspective, accepting crypto through SpacePay feels identical to accepting cards, just cheaper.
This simplicity matters for small businesses especially. They operate on tight margins and cannot afford complex financial operations.
SpacePay One Builds the Technical Foundation
Behind the simple merchant experience sits SpacePay One, the payment API powering all transactions. The development team recently launched it on testnet, allowing technical partners to examine functionality before full deployment.
Right now the testnet operates on Base Sepolia and Ethereum Sepolia. The multi-chain setup lets SpacePay add more blockchains down the road when it makes sense.
Testing thoroughly before launch separates serious projects from rushed ones. Many platforms skip this stage and deploy buggy software that frustrates users.
Joining the Presale
$SPY tokens currently sell for $0.003181 in the presale. Holders get to vote on where the platform goes next, collect monthly rewards for participating, and try out new features before everyone else.
Revenue sharing provides additional benefits. As SpacePay processes more merchant transactions, token holders receive proportional income. This alignment connects holder success directly to platform growth.
The team distributed tokens thoughtfully. Founders kept only 5% for themselves. Public sale participants get 20%, user rewards claim 17%, and the remainder funds development, partnerships, and marketing initiatives.
Those interested can visit the SpacePay website and connect a wallet supporting ETH, BNB, MATIC, AVAX, USDT, or USDC. People without crypto wallets can purchase using regular bank cards. After connecting, users select their payment method and investment amount.
The system calculates token allocation automatically based on the current price of $0.003181 per token. The presale advances through stages with increasing prices, rewarding earlier participants with better rates.
JOIN THE SPACEPAY ($SPY) PRESALE NOW