SpacePay Raises $1.1 Million in Presale for Crypto Payment Revolution

Generated by AI AgentCoin World
Sunday, Jun 29, 2025 4:54 am ET2min read

SpacePay, a London-based startup, is revolutionizing the way people pay with cryptocurrency by making it simple, fast, and ready for everyday use. The company has developed a system that allows users to pay with crypto using the same card machines that stores already use, eliminating the need for new equipment. This innovation addresses a long-standing issue in the crypto world: the complexity and inefficiency of crypto payments.

SpacePay supports over 325 wallets, including popular ones like MetaMask, Trust Wallet,

Wallet, and Ledger. Users can pay with Bitcoin, , USDT, or any other supported crypto by simply scanning a QR code. For merchants, the benefits are clear: instant settlement, no delays, no middlemen, and a low fee of just 0.5% with no hidden charges. Additionally, SpacePay has a built-in tool to protect merchants from the volatility of crypto prices by locking in the fiat value at the time of payment, ensuring that the store receives the same amount in local currency regardless of price fluctuations.

Security and privacy are also top priorities for SpacePay. Users retain full control of their money, with payments coming straight from their wallets and no need to give up private keys. This ensures that transactions are secure, private, and simple.

The SPY token is the backbone of the SpacePay ecosystem. Currently in presale, it has already raised over $1.1 million. The token offers real rewards, including monthly loyalty airdrops, early access to new features, and a say in the project's growth through monthly voting. SPY holders can also earn passive income through revenue sharing and participate in charity rewards, where the team matches donations to approved causes. Additionally, SPY holders receive private update calls from the team every few months to stay informed about the project's progress.

The SPY token has a total supply of 34 billion, with allocations for presale, strategic partnerships, ecosystem building, marketing, community building, user rewards, a reserve fund, ongoing development, and the founders. This distribution is designed to ensure the long-term sustainability of the project.

SpacePay has already achieved significant milestones, including completing its MVP, securing investor funding, becoming fully legal in all unsanctioned countries, and winning a top award as a new payment platform. Unlike many crypto payment projects that have failed to deliver, SpacePay stands out because it actually works, connecting to existing card machines and providing a seamless payment experience for both users and merchants.

To join the SPY presale, users can connect their wallet to the presale website using MetaMask or another supported wallet, fund their wallet with ETH,

, MATIC, AVAX, BASE, USDC, or USDT, or use a bank card to buy SPY. They can then swap for SPY tokens by picking the amount they want to buy, approving the transaction, and confirming it in their wallet. This process ensures that users can easily participate in the presale and become part of the SpacePay ecosystem.