SpacePay is a cryptocurrency payment platform aimed at simplifying the transaction process for both users and merchants.
What is SpacePay and What Problems Does It Solve?
SpacePay seeks to make cryptocurrency payments more user-friendly and accessible. The platform offers an easy-to-use APK that integrates with existing card terminals, allowing merchants to accept crypto as easily as fiat money. SpacePay enhances existing payment systems instead of attempting to replace them.
Why SpacePay Could Become a Leader in the Payment Space?
The platform is well-suited for users, who can make payments by scanning a QR code, eliminating the difficulties often associated with crypto transactions. For merchants, SpacePay provides instant settlements and low fees – just 0.5%. This makes it an attractive alternative to traditional processors with high fees.
SpacePay's Early Success and Recognition
SpacePay has successfully raised $750,000 from private investors and won the ‘New Payment Platform of the Year’ award at the CorporateLiveWire Global Awards. The team is working on securing intellectual property and complying with global regulatory standards.
SpacePay shows the potential to revolutionize the cryptocurrency payment process by focusing on simplicity, security, and accessibility for both merchants and users.
