The post Spend Ethereum Anywhere? How SpacePay Makes Crypto Payments Simple appeared first on Coinpedia Fintech News
You’ve got Ethereum sitting in your wallet, but when’s the last time you actually spent it? Probably never. Most places still give you blank stares when you mention paying with crypto.
That’s exactly what SpacePay is fixing with their payment platform that works with existing card machines, supports over 325 crypto wallets, and charges just 0.5% in fees while protecting merchants from price swings through instant fiat conversion.
The London startup has already raised over $1.1 million in their presale, with $SPY tokens currently priced at $0.003181.
Making Ethereum Payments Work in Real Stores
Most crypto payment solutions fail because they’re complicated. Store owners take one look at the setup requirements and walk away. Who wants expensive new equipment and weeks of staff training?
SpacePay solves this by working with Android card readers that businesses already have. No new hardware needed. Just a software update and suddenly that same terminal can handle Ethereum payments alongside regular cards.
The customer experience stays simple too. You scan a QR code with whatever wallet you’re using, check the amount, and tap to pay. Takes about as long as using Apple Pay. No typing long wallet addresses or waiting around while transactions process forever.
Since SpacePay plays nice with hundreds of different wallets, you can keep using whatever app you already have. Got MetaMask? Perfect. Prefer Trust Wallet? That works too. Some obscure wallet nobody’s heard of? Probably fine. Pretty simple stuff.
https://twitter.com/SpacePayLtd/status/1937934902780944413
How Merchants Stay Safe from Crypto Price Swings
Here’s the thing that scares most business owners about accepting Ethereum. The price jumps around like crazy. Nobody wants to sell a $100 item for ETH in the morning, then find out it’s only worth $85 by afternoon because the market had another episode.
SpacePay handles this perfectly. When someone pays with Ethereum, the merchant gets regular money in their account right away. That $100 sale stays exactly $100, period. Doesn’t matter if ETH decides to crash or the moon five minutes later.
The system locks in the exchange rate for those few seconds while payment processes. If the market goes wild during that tiny window, SpacePay absorbs the difference. The shop owner just sees a normal payment hitting their account.
This removes the biggest excuse merchants have for avoiding crypto. They don’t need to understand blockchain technology or follow price charts. They just get paid in dollars like always, except now they can serve customers who prefer digital money.
Why Those Low Fees Actually Matter
Credit card companies have been taking their cut for so long that most people just accept it. But those 2.5% to 3.5% fees really add up fast. A busy coffee shop doing $25,000 monthly is handing over about $750 just in processing fees.
SpacePay charges 0.5%. Same coffee shop would pay $125 instead. That’s $625 extra every month that could go toward better equipment, staff bonuses, or actually fixing that broken espresso machine that’s been acting up.
The savings work because SpacePay cuts out all the middlemen. With regular credit cards, your payment bounces around between banks and processors, with everyone taking their piece. SpacePay creates a more direct route using blockchain tech, so there are fewer hands grabbing money along the way.
Small businesses can’t catch a break lately – costs keep rising while customers spend less. Every dollar they can keep matters. That extra cash might be what lets them hire another employee instead of working seven days a week.
The Crypto Community Finally Gets What It Wants
Crypto holders have been sitting on their digital money for years, watching it grow but never actually using it. Sure, you could sell your Ethereum and buy stuff with cash, but then you miss out if prices keep climbing. Plus selling means dealing with taxes and exchange fees.
SpacePay lets you spend your ETH directly. No converting, no extra steps, no hassle. Got a wallet full of Ethereum and want to grab dinner? Just scan and pay. Your crypto gets used for what it was supposed to do – buy things.
The speed matters too. Regular crypto payments can take forever to confirm. Sometimes you’re standing there for twenty minutes waiting for the blockchain to do its thing. With SpacePay, everything happens in seconds. Fast enough that it feels normal.
Since the system accepts pretty much any wallet you throw at it, there’s no need to clutter your phone with another app or figure out some new system. Just stick with what you know.
Getting Started with SpacePay
The $SPY presale accepts various payment methods including ETH, BNB, MATIC, AVAX, USDT, USDC, and regular bank cards for people new to crypto.
Anyone interested can visit SpacePay’s official website, connect their crypto wallet, and purchase tokens at the current price of $0.003181 per $SPY.
JOIN THE SPACEPAY ($SPY) PRESALE NOW