SpacePay Launches Low-Cost Crypto Payment System for Merchants

Generated by AI AgentCoin World
Wednesday, Aug 20, 2025 7:47 am ET2min read
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Aime RobotAime Summary

- SpacePay, a London-based fintech, offers a low-cost crypto payment system for merchants using existing Android card readers.

- Instant fiat conversion and 0.5% fees reduce costs, targeting small businesses burdened by high traditional processing charges.

- Bank-grade security and regulatory compliance mitigate risks, while the $SPY token grants governance rights and revenue sharing.

- The $1.3M presale and 400M global crypto holders highlight potential to unlock new markets for real-world transactions.

SpacePay, a London-based fintech company, is positioning itself as a potential leader in the crypto payment space by offering a streamlined solution for merchants to accept digital assets without the usual technological and financial hurdles. The company’s approach focuses on integration rather than disruption, allowing businesses to use their existing Android-based card readers to accept payments in popular cryptocurrencies such as

Bitcoin
,
Ethereum
, and Binance Coin [1]. When a customer pays with crypto, SpacePay instantly converts it into fiat currency—such as USD or GBP—ensuring merchants receive stable value without exposure to market volatility [1].

What differentiates SpacePay from other crypto payment platforms is its emphasis on simplicity and accessibility. Rather than requiring merchants to adopt new hardware or complex systems, SpacePay works with existing point-of-sale infrastructure, reducing both cost and complexity [1]. The company charges a low transaction fee of 0.5%, significantly lower than traditional payment processors that often take 2% to 4% per transaction [1]. This cost efficiency could be particularly attractive to small businesses, which are often squeezed by high fees and operational constraints.

Security is another key component of SpacePay’s strategy. The platform employs bank-grade encryption and distributed network architecture to minimize the risk of system failure or cyberattacks. Additionally, SpacePay engages third-party security experts to test and improve its defenses, adopting a proactive approach to safeguarding user data and transactions [1]. The company also complies with regulatory standards, which reduces the risk of legal complications for merchants.

The platform’s native token, $SPY, plays a central role in its ecosystem. Token holders are granted governance rights, including the ability to vote on new feature development and share in a portion of the platform’s revenue from payment processing [1]. The token is distributed across multiple categories, with 20% allocated for the public presale and additional shares reserved for community rewards, partnerships, marketing, and development [1]. Token holders also receive monthly rewards, reinforcing engagement and long-term commitment.

As of now, the $SPY presale has already raised nearly $1.3 million [1]. Tokens are currently priced at $0.003181 each and can be purchased using a range of cryptocurrencies or via traditional bank cards for those not using crypto wallets [1]. The company also hosts regular video calls where token holders can engage directly with the development team, offering a level of transparency that is uncommon in many crypto projects.

SpacePay’s value proposition is further strengthened by the growing number of crypto holders—estimated at 400 million globally—who lack viable ways to spend their digital assets in real-world transactions [1]. By bridging this gap, SpacePay could unlock new markets for both consumers and businesses, offering a secure, fast, and cost-effective alternative to traditional payment systems.

Source: [1] How SpacePay Could Become the Leading Crypto Payment Solution – Top Presale to Buy? (https://cryptonews.com/press-releases/how-spacepay-could-become-the-leading-crypto-payment-solution-top-presale-to-buy/)