Bitcoin Updates: Businesses Reduce Expenses Using SpacePay’s 0.5% Cryptocurrency Charge
- SpacePay's $SPY token enables 0.5% crypto payments via existing POS terminals, converting to fiat instantly for merchants. - Businesses save up to $1,050/month in fees compared to traditional processors, with $1.4M raised in presale and testnet launched. - The token model prioritizes usage-based revenue sharing and governance rights over speculation, contrasting with volatile crypto markets. - Growing institutional crypto adoption (e.g., Tap Global, BitMine) highlights demand for practical solutions amid
Based in London, the company utilizes Android-powered point-of-sale (POS) devices already deployed by retailers, requiring only a software upgrade to facilitate crypto payments. This method removes the necessity for new equipment or complicated setups, letting businesses keep their familiar systems while customers pay using their chosen wallet apps. Supporting over 325 digital wallets, the platform instantly converts crypto to stablecoins, protecting merchants from market fluctuations. For instance, a small business processing $30,000 monthly could save up to $1,050 in fees compared to standard processors that typically charge between 2% and 4% per transaction.
SpacePay’s presale has already attracted more than $1.4 million, signaling strong interest in a platform that connects crypto ownership with everyday spending. The company’s technical milestones include the launch of the SpacePay One Testnet and a working payment API on Base Sepolia and
The project’s tokenomics add to its attractiveness. The $SPY token, available at $0.003181 during the presale, comes from a total supply of 34 billion, with 5% set aside for the founding team. Token holders can vote on platform changes, earn monthly incentives, and share in revenue generated from real transactions. This approach differs from speculative tokens, as it creates a lasting income stream based on actual usage rather than just price increases.
The wider crypto market highlights the necessity for such innovations. As global crypto usage rises—
Importantly, SpacePay’s strategy reflects a broader movement to blend crypto with traditional finance. For example, London-based
Top Cryptocurrency for Real-World Payments? SpacePay’s $SPY Token Stands Out
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
India's judiciary declares cryptocurrency as lawful property in a historic decision
- India's Madras High Court ruled cryptocurrency as legal property, blocking WazirX from redistributing a user's frozen XRP during its post-hack restructuring. - The court emphasized crypto's "intangible property" status, requiring a ₹9.56 lakh bank guarantee to protect the investor's holdings until arbitration concludes. - The decision challenges offshore restructuring plans, affirming Indian jurisdiction for domestic investments and aligning with global precedents like New Zealand's Cryptopia ruling. - I

Ethereum Update: Despite $169M Loss, Staking Boom and Dencun Enhancements Fuel Optimism for $8K
- Ethereum lost $169M in exchange outflows but leveraged ETPs show strong demand, signaling bullish sentiment. - Bitcoin attracted $921M inflows amid Fed rate cut optimism, highlighting crypto market rotation toward safe-haven assets. - Institutional staking demand and Dencun upgrades reinforce Ethereum's long-term appeal, with $8K 2025 price forecasts. - Macroeconomic uncertainty and Fed policy focus drive risk-on rallies, while ETF approvals could unlock new capital inflows.

Whale deposits $3.72M USDC into Hyperliquid, opens $27.7M BTC long

Spot XRP, Solana, and Litecoin ETFs may launch in next two weeks, expert speculates
