SpacePay Enables 0.5% Crypto Payments via Existing Card Readers With No Hardware Changes

SpacePay, a London-based crypto payment platform, is quietly transforming the way cryptocurrencies are integrated into everyday transactions by leveraging existing infrastructure and introducing a seamless, behind-the-scenes solution for both consumers and merchants [1]. Unlike many crypto projects that rely on flashy features or bold marketing, SpacePay operates by subtly enhancing the current payment landscape, making crypto transactions feel as natural as traditional card payments without requiring major changes to existing systems [1].

The platform enables merchants to accept crypto payments simply by installing SpacePay’s software on their existing card readers. No new hardware or complex training is required—just a quick software update allows stores to begin accepting digital assets like Bitcoin and Ethereum [1]. What makes this approach particularly effective is its invisibility. The system handles the conversion of crypto to fiat currency in real time, ensuring merchants receive payments in their preferred currency, whether USD, EUR, or others, without exposure to price volatility [1]. The low transaction fee of just 0.5% further adds to the platform’s appeal, undercutting traditional credit card processing costs [1].

For consumers, the experience is equally smooth. Users can pay with over 325 compatible wallets, including MetaMask and Coinbase, by simply scanning a QR code. Funds are transferred instantly, and there is no need to pre-fund accounts or wait for confirmations [1]. Security is also a priority, with users retaining control of their private keys and wallet data. This decentralized approach enhances privacy and reduces the risks commonly associated with centralized platforms [1].

The SPY token is central to SpacePay’s ecosystem, offering multiple utility functions such as governance rights, early access to features, and a share of the platform’s revenue. A portion of the token supply is allocated for user rewards, while another is reserved for development and partnerships. The token is currently available in an ongoing presale, with the price set at $0.003181 and expected to rise as the sale progresses [1]. Over $1 million has already been raised during the presale, indicating growing interest in the project [1].

SpacePay’s strategy of embedding itself into existing systems rather than disrupting them reflects a pragmatic approach to mainstream crypto adoption. By avoiding the need for major infrastructure overhauls or consumer behavior shifts, the platform is positioning itself as a quiet but powerful force in the evolution of digital payments [1].

Source: [1] Why SpacePay’s “Invisible” Tech Could Disrupt How We Pay Without Anyone Noticing (https://cryptonews.com/press-releases/why-spacepays-invisible-tech-could-disrupt-how-we-pay/)