SpacePay is a rising name in the crypto ecosystem. This project is making it possible to spend crypto as simply as tapping a card at a checkout counter.
The platform lets merchants accept crypto instantly. They can also receive crypto funds in the form of fiat currency, all through their normal payment terminals.
It already works with more than 325 wallets. This means most people can use the wallet they already have. They also do not need to do any complicated setup because SpacePay works with existing POS systems.
There is no waiting for confirmations or worrying about price swings. SpacePay locks in the value of the crypto the moment a transaction happens, so merchants always get their money’s worth in fiat.
The platform also promises ultra-low fees. It charges around 0.5% merchant fee per transaction with no hidden costs.
SpacePay Solves Many Crypto Problems: Testnet Is Live
Paying with Bitcoin or Ethereum might sound exciting in theory, but it has not been easy in real life. Transactions can take a while to confirm, the fees can be high, and most merchants do not want to deal with that kind of uncertainty.
SpacePay cuts through all that with SpacePay One, a payment system that converts crypto to fiat instantly. The testnet for SpacePay One is already live.
The company confirmed on X that version one of its payment API is now open for testing on Base Sepolia and Ethereum Sepolia networks.
The mainnet is also entering the final phase already. In November, they will be testing withdrawals and gas transactions. Final integrations are also expected to be carried out this month.
How SpacePay Solves Real Crypto Problems
Crypto payments have always had three major issues: high fees, volatility, and speed. SpacePay tackles all three at once.
Its scalable infrastructure can handle huge transaction volumes while staying smooth and reliable. The integration across 325+ wallets means it’s ready for mass adoption, not just a niche community.
Then there’s the volatility protection, which is a big deal. If you’re a merchant, the last thing you want is to receive $100 in crypto and find it’s worth $90 ten minutes later. SpacePay fixes that by locking in fiat value at the point of payment.
Moreover, SpacePay runs on a decentralized payment system. Users stay in control of their own funds without any third-party control.
Built for Everyone
SpacePay isn’t just targeting crypto enthusiasts. The company is thinking about individuals, small businesses, online stores, and large retailers. The platform allows users to walk into stores and pay with crypto by just scanning a QR code.
As for merchants, they don’t need to buy expensive new hardware. SpacePay integrates with existing card terminals, reducing transaction fees, and providing instant settlement. No middlemen or waiting days for funds to clear.
That’s how adoption begins—by making things work without forcing users to change their habits.
Learn more:
Website: https://spacepay.co.uk/
Telegram: https://t.me/SpacePayTG
The post SpacePay: One of the Rising Platforms to Keep an Eye On This Year appeared first on Cryptonews.
