The post SpacePay by the Numbers: How a 0.5% Fee and $1M Presale Are Shaking Up Crypto Payments appeared first on Coinpedia Fintech News
Most people still can’t use their crypto at the corner store. That’s just how it is in 2025. But London startup SpacePay is trying something different.
They’ve created a system where merchants don’t need expensive new equipment – just a software update to their existing terminals. Their platform lets over 325 different crypto wallets work with regular card machines, charges just 0.5% per transaction, and has pulled in more than $1 million during their ongoing presale.
Solving the Merchant Adoption Problem
Store owners don’t want the hassle of accepting crypto payments. Who can blame them? They worry about price swings, expensive equipment, and complicated setups. Most just stick with what they know.
SpacePay’s approach is pretty straightforward. They update existing Android payment terminals with new software. That’s it. No new machines to buy or complicated systems to learn. Shops keep their setup, and customers get to use their crypto.
The beauty is in the simplicity. Customers use what they already have in their digital wallets, and shops don’t need to change much on their end. With support for hundreds of different crypto wallets, it works for most crypto users without extra steps.
The Economics of the 0.5% Fee
Small fees add up fast in retail. Every percentage point matters when you’re running a small business. SpacePay charges 0.5% per transaction – noticeably less than what most payment processors take.
Think about it. Regular card processors often take 1.5% to 3.5% of each sale. For a coffee shop doing $2,000 in daily sales, that difference could mean saving hundreds or even thousands monthly. Lower costs make a real difference for small businesses trying to stay profitable.
This fee setup helps everyone involved. Stores pay less per transaction, and the fees collected help keep SpacePay running. Some of that money goes back to people holding $SPY tokens through their revenue-sharing program. It’s a practical approach that works for the long run.
Volatility Protection – The Missing Piece
Let’s be honest – crypto prices jump around a lot. This scares shop owners. Who wants to accept $100 worth of crypto only to find it’s worth $80 tomorrow? That’s just bad business.
SpacePay handles this with a simple fix. When someone pays with crypto, the shop gets their local currency right away. No waiting for conversions, no worrying about price drops. The money hits their account in dollars, euros, or whatever currency they normally use.
This also helps with cash flow – something every small business owner thinks about daily. Unlike traditional systems that might hold funds for days, shops get their money immediately. This matters when you’ve got bills to pay and inventory to order.
Presale Progress and Token Generation Timeline
So far, SpacePay has raised over $1 million from people interested in what they’re building. Each token is priced $0.003181 right now. Their presale uses tiered pricing, which means the price goes up as more tokens sell.
Originally, they planned to launch their token earlier, but they’ve pushed it back to sometime between April and June 2025. They say this is about getting things right – lining up the right partners and picking the best market conditions.
Sure, waiting longer isn’t ideal for people who got in early. But rushing to market has killed plenty of good ideas before they had a chance. The team seems focused on getting the details right rather than just launching quickly.
The $SPY Token Economy
The $SPY token sits at the center of how SpacePay works. With 34 billion tokens total, they’ve divided them for different purposes. About 20% goes to public sale, with the rest split between user rewards, development work, partnerships, marketing, reserves, and the team who built it.
Holding these tokens comes with some perks. You get to vote on decisions about the platform’s future. You receive monthly rewards just for holding. You get early access when they roll out new features. And you can join quarterly online meetings with the people running the show.
The most interesting part might be the revenue sharing. Token holders get a piece of those transaction fees mentioned earlier. As more stores use the system and more people pay with crypto, that could mean ongoing income for token holders. Their success becomes your success, basically.
How to Participate in the SpacePay Presale
If you’re thinking about jumping into the SpacePay presale, getting started isn’t complicated – go to their website and hook up whatever wallet you normally use.
They take pretty much whatever crypto you’ve got lying around – Ethereum, Binance Coin, those MATIC tokens collecting dust in your wallet, AVAX, or just plain old stablecoins if you’re not feeling risky.
Haven’t bought crypto before? No sweat – they’ll take your regular bank card too, which honestly saves a ton of hassle for first-timers.
JOIN THE SPACEPAY ($SPY) PRESALE NOW
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