The calendar races toward December, and one payment-focused project enters its closing chapter with serious momentum behind it. SpacePay says it solves real problems for merchants and crypto holders alike.
The project now reaches the final stretch of its presale, having raised $1.4 million so far.
SpacePay Connects Wallets to Cash Registers
Retail businesses face a common problem. Crypto holders want to spend their digital assets, but most stores lack the infrastructure to accept them. SpacePay says it fixes this gap by letting merchants process crypto payments through their current card terminals. No expensive hardware upgrades or complex installations. Just a software update, and businesses can serve crypto-paying customers.
The system works with over 325 different wallets. A customer opens their preferred app, scans a code, and completes the payment. The merchant sees a successful transaction on their existing terminal. Both sides get what they need without friction or confusion.
Transaction costs drop dramatically compared to traditional processing, the team says. The 0.5% fee undercuts most payment providers by a wide margin. Businesses keep more of each sale instead of watching profits drain through processing charges. That difference matters when margins stay tight in competitive markets.
Merchants Get Protection From Price Swings
Volatility scares away many business owners who consider accepting crypto. A token worth $100 at noon might hit $92 by closing time. SpacePay says it eliminates this risk completely through instant conversion. The customer pays in crypto. The system converts to fiat immediately. The merchant receives local currency in their account right away.
This protection extends beyond just avoiding losses. It also creates a predictable cash flow. Business owners can budget and plan because they know exactly what each transaction will deposit. No waiting days for settlements. No surprise deductions. Just clean, instant payments in the currency they need.
Access to 400 million potential customers worldwide justifies the setup effort. Crypto holders actively look for places to spend their assets. Shops that accept digital payments pull in business from competitors who only take cards and cash. The customer base keeps expanding as more people acquire tokens and look for ways to use them.
Customers Gain Real Spending Power
Holding crypto serves little purpose if nobody accepts it for actual goods and services. SpacePay says it creates genuine utility by connecting digital wallets to real-world commerce. Someone can finally use their tokens to pay for everyday items instead of just trading on exchanges.
Privacy levels increase compared to credit card transactions. Traditional payments leave detailed records tied to personal information. Crypto offers more discretion for people who value financial privacy. The purchase happens, the merchant gets paid, and excessive data collection stays minimal, the team claims.
Cross-border spending becomes simpler too. Travelers avoid currency conversion fees and foreign transaction charges. The same wallet works in multiple countries wherever merchants accept SpacePay. This flexibility adds practical value beyond just holding assets and hoping prices rise.
Why SPY Offers More Than Trading Potential
The best projects to watch with working products rather than just promises. SpacePay runs a live testnet where developers and partners test payment widgets across Base Sepolia and Ethereum Sepolia networks. Real transactions flow through the system daily. This validates that the technology functions before commercial launch.
Token holders get governance rights over platform decisions. The community votes on new features and development priorities. This input actually shapes how the project evolves instead of leaving everything to a central team making closed-door choices, the team says.
Revenue sharing connects token value directly to platform success. Transaction fees get partially distributed back to SPY holders. More merchants mean more volume. Higher volume generates more fees. Those fees flow to people who hold tokens. The team claims that this model creates alignment between all participants.
Monthly airdrops reward active community members. Quarterly webinars give direct access to leadership for updates and questions. Early access to new features gives token holders advantages before general releases. These features add tangible benefits beyond just price speculation.
November served as the cutoff point. As the month closed, the presale access ended. Per the team, exchange listings typically follow, where market forces determine pricing based on supply and demand.
Technical Progress Points Toward Launch
Development work focused on final preparations throughout November. Withdrawal testing confirms users can move funds smoothly. Gasless transaction implementation removes friction from the payment experience. Quality assurance teams check every function to catch problems before going live, said the team.
The SDK nears completion for merchant integration. Once finished, businesses can connect to SpacePay quickly and start accepting crypto payments. Speed matters when competing for merchant attention in a crowded fintech sector.
Compliance work progresses alongside technical development. Off-ramping infrastructure gets strengthened to handle smooth crypto-to-fiat conversions at scale. These backend systems need to work flawlessly when real commerce begins.
Learn more:
Website: https://spacepay.co.uk/
Social: https://x.com/spacepayltd/
The post SPY Among the Projects to Watch Before Year-End as It Enters Its Final Prelaunch Phase appeared first on Cryptonews.
