SpacePay Secures $1.2M in Presale Amid Rising Crypto Payment Demand

SpacePay, a London-based crypto payment platform, is generating significant attention with its ongoing presale of its native token, $SPY. The project has already raised over $1.2 million, signaling early interest in a solution that aims to make crypto payments practical and accessible for mainstream businesses [1]. Unlike many competitors, SpacePay integrates with existing Android card readers, allowing merchants to accept crypto without replacing their current systems or requiring specialized training. This seamless integration supports over 325 wallets and instantly converts crypto into fiat, mitigating the risk of price volatility for merchants [1].

The $SPY token plays a central role in SpacePay’s ecosystem. Token holders can vote on future developments and feature updates, ensuring the community has a say in the platform’s evolution. Additionally, they receive a share of the platform’s revenue and monthly rewards for active participation. This model creates a more aligned and engaged user base, a key differentiator in the often opaque world of token projects [1]. The company also hosts quarterly video calls with its founders, further fostering transparency and trust.

With the rise of crypto adoption and the increasing costs of traditional payment processors, SpacePay’s timing appears strategic. Traditional payment systems typically charge 2–4% per transaction, while SpacePay offers a significantly lower rate of 0.5%. For high-volume businesses, such as restaurants, this cost difference could be substantial. The platform also eliminates the need for merchants to hold volatile crypto assets, as funds are instantly converted to fiat, reducing exposure to market swings [1].

The total supply of $SPY tokens is 34 billion, distributed across multiple categories. A significant portion—20%—is reserved for public sale during the presale, while 17% is allocated for user rewards and community incentives. Additional allocations support partnerships (18%), marketing (18%), development (10%), a reserve fund (12%), and founders (5%). This allocation model, with only 5% going to the founders, reflects a more community-focused approach compared to many other crypto projects [1].

Small businesses are particularly well-positioned to benefit from SpacePay’s solution. These businesses often lack the time and resources to become crypto experts. SpacePay’s system allows them to operate as usual while still accepting digital payments, with funds appearing in their bank accounts as traditional currency. The platform’s low fees and strong security features—using encryption and real-time monitoring—add further appeal to cost-conscious merchants [1].

The $SPY presale is accessible via the official website, supporting major cryptocurrencies like ETH, BNB, MATIC, AVAX, USDT, and USDC. Tokens are currently priced at $0.003181 each, with a straightforward purchasing process. This accessibility aims to lower the barrier to entry for both crypto and traditional users [1].

By addressing common pain points in crypto payments—infrastructure complexity, volatility exposure, and high fees—SpacePay is positioning itself as a viable solution for the 2025 market. Its approach reflects a growing trend in the crypto space: building practical, user-friendly tools that bridge the gap between digital assets and everyday commerce [1].

Source: [1] Why SpacePay’s Live Presale Is a Big Deal for Crypto Payments in 2025 (https://99bitcoins.com/news/why-spacepays-live-presale-is-a-big-deal-for-crypto-payments-in-2025/)