SpacePay's Testnet Proves Crypto Can Go Mainstream

The SpacePay ($SPY) presale has raised $1.4 million as of November 2025, with the project launching its testnet environment to demonstrate its decentralized payment protocol's readiness for real-world adoption, according to a 99bitcoins report. The platform, which aims to bridge cryptocurrency transactions with traditional retail infrastructure, allows merchants to integrate crypto payments into existing Android point-of-sale systems without hardware upgrades. By supporting over 325 cryptocurrency wallets and enabling fiat settlement for merchants, SpacePay addresses volatility concerns while maintaining a fixed 0.5% transaction fee, the 99bitcoins report notes.

The testnet, now active on Base Sepolia and Ethereum Sepolia networks, provides developers and merchants a sandbox to test payment integrations before the mainnet launch. This milestone underscores the project's commitment to functional infrastructure, distinguishing it from speculative crypto projects that often prioritize marketing over development, the 99bitcoins report adds. The testnet includes a working payment widget with multi-chain compatibility and lays the groundwork for fiat settlement features critical for merchant adoption, the 99bitcoins report says.

SpacePay's $SPY token offers more than speculative value: it grants holders governance rights and revenue-sharing benefits. Token owners can vote monthly on platform proposals, influencing decisions on feature rollouts, partnerships, and token economics, according to a Coinspeaker report. Additionally, a portion of the 0.5% transaction fees generated by the platform is distributed to $SPY holders, creating a passive income stream tied to business performance, the Coinspeaker report notes. The project also rewards active users with monthly loyalty airdrops and quarterly webinars featuring leadership, fostering community engagement, the Coinspeaker report adds.

With the presale set to end by year's end, early participants are acquiring $SPY at $0.004210, a price likely to rise post-exchange listing. The token's 34 billion supply is allocated to prioritize community growth and development, with 20% reserved for public sale and 17% for user rewards, the Coinspeaker report notes. The project's presale success—backed by $750,000 in private funding and regulatory compliance across unsanctioned nations—has earned it the "New Payment Platform of the Year" award in 2022/23, the 99bitcoins report says.

For investors, the urgency is clear: the presale deadline looms, and post-listing volatility could erase early-bird advantages. SpacePay's combination of functional technology, governance participation, and revenue-sharing makes it a rare altcoin positioned to disrupt the payment sector, the 99bitcoins report notes.