By offering a quick and easy way to pay with cryptocurrency, SpacePay is changing the way stores work. The London-based banking company makes it easy for stores to accept cryptocurrency. You may have been looking for an interesting advance to join. SpacePay ($SPY) might be it. This coin project focuses on payments and follows all the rules. It wants to start a new way of doing digital financial activities.

Now let’s look at what this project is about, what it could do, and how you can buy SpacePay token before it’s mentioned and everyone can get it!
What is SpacePay?
SpacePay is a London-based fintech business that Maxwell Bunting started. Its goal is to give payment companies and retailers access to next-generation bitcoin options. The goal is to change how payments are made by connecting the old, slow, and expensive financial system with the new, open, decentralized, and innovative world of blockchain technology.
Most crypto projects don’t follow clear rules regarding regulations. Still, SpacePay has done so from the start and will continue. SpacePay works like a public company because of this. Its coin, $SPY, gives owners a piece of the company’s profits, full access to team calls, the chance to vote on the direction of the company, early access to secret features and betas, the chance to donate to charity, and loyalty airdrops.
In addition to being compliant with regulations, the platform, which investors back from around the world, solves the main problem stopping crypto from being widely used: making it easy to access and use in everyday activities. With SpacePay, you only have to scan a QR code to make a purchase. This makes it easier to pay with cryptocurrency and eliminates the need for complicated processes and cross-platform fund transfers.
SpacePay ($SPY) Token: Quick Overview
Now that we’ve told you how to buy the coin step by step, here’s a quick rundown of SpacePay:
- Payment System: SpacePay is built into card readers to make crypto purchases easier in stores. This crypto-payment software combines traditional banking with decentralized blockchain technology. It also makes cryptocurrencies easier to get and use in everyday life. People can use over 325 wallets to make everyday purchases, and businesses can get paid in their currencies. It’s in a private test stage right now.
- Exclusive Early Access: SpacePay currently has a presale for its SPY token, which allows you to buy it at a lower price of $0.00147 before it goes on sale to everyone. The presale is open to everyone, and it happens after private investors give the company $750K.
- Tokenomics: The project has well-thought-out tokenomics and set aside about 20% of its 34 billion tokens for sale to the public. 17% of the money is set aside to thank users for their loyalty. A huge chunk of the token supply goes to SpacePay’s growth, relationships, marketing, and development. Along with a plan to distribute tokens in the future, the project has already finished a buy-back option to encourage more progress.
How to Buy SpacePay Token ($SPY): A Simple Guide for Beginners
Now, here are the steps that people who want to take part in the SpacePay presale must take:
Step 1. Get a Crypto Wallet
You need to download a cryptocurrency app on your computer or phone before you can start. Although there are many choices, some famous ones that SpacePay supports are WalletConnect, Coinbase Wallet, MetaMask, and Best Wallet.
When setting up your wallet for the first time, write down and keep your private key safe. This is because the private key lets you get to your money. After setting up your account, it’s time to buy some cryptocurrency.
Step 2. Fund the Wallet with Supported Asset
Next, you must add money to your wallet using a cryptocurrency the project lets you buy. SpacePay accepts ETH, BNB, MATIC, AVAX, BASE, USDC, and USDT, among others.
You can use the wallet to buy these cryptocurrencies, which will cost you a lot, or you can go to a cryptocurrency market like Binance or Coinbase.
Step 3. Connect the wallet to the presale website
After adding cryptocurrency to your wallet, you can go to the official SpacePay presale page. After adding, go to the website; a button lets you buy immediately. Click on “Connect Wallet” when you get there.
This will show you different wallets; pick the one you already have. After that, you’ll be asked to approve the link.
Step 4. Choose an Investment Size
Fill out the advance order form to purchase once your wallet is linked. To do this, you have to choose which of the three cryptocurrencies listed below you will use to pay for the item. Make sure you have enough cryptocurrency in your pocket to pay the fees.
After that, put in the amount you want to spend. 1 ETH, for example, is worth 2608252.68 SPY tokens. Using either stablecoin will also get you just over 680 SPY tokens. You can use the tool to find this ahead of time.
Finally, confirm your investment in the presale by giving your wallet permission to make the exchange. Once you confirm the purchase, you’ll have engaged in the $SPY presale.
Step 5. Claim your Tokens
People can now buy $SPY before they go on sale for a month. The tokens will be given to people who bought them during the presale once the presale is over.
In that case, you’ll need to go to the SpacePay website, link your wallet, and confirm that you want to receive the tokens in the same wallet you used to buy the item. You can claim before $SPY opens on its first DEX.
SpacePay’s social media, like X (formerly Twitter), Instagram, and Telegram, will let you know when the claim and showing times are.
Reasons to Invest in the SpacePay Presale
Some reasons why SpacePay might be a good cryptocurrency to buy in 2024
The Payment Narrative
The world has been slowly moving away from cash, and the COVID-19 outbreak has sped up this trend. As more people use cryptocurrencies and want to use new payment methods, digital assets are quickly becoming popular worldwide.
An interesting study from Ripple about payment trends in different parts of the world indicated that Latin America and Africa are moving towards cryptocurrency payment methods. Bloomberg says Russian businesses use cryptocurrency to do business with China across borders. At the same time, the G7 and the EU are considering imposing sanctions on Russia’s SWIFT alternative.
Bold Vision
SpacePay doesn’t just want to be a digital payment service; it wants to be the VISA and Mastercard of Bitcoin transactions. The project wants the same effect as these big payment companies worldwide. For example, 20% of all card purchases worldwide in 2023 were made with Visa cards. Also, Visa credit cards were used in about 266 billion purchases worldwide last year.
SpacePay will be available on more than 4.5 million devices in 9 countries this year with that goal in mind. The system also works on relationships with the biggest card machine companies worldwide while still in secret testing. SpacePay is also working on the world’s first fully decentralized NFC technology, which will help it become a leader in the Bitcoin payment industry by allowing it to be used in more situations.
Roadmap
The presale part of the project is now open, which will help it raise money for SpacePay’s growth and marketing efforts. To ensure everyone’s safety, the project had a respected third-party security company check the smart contract to ensure it works as it should and meets the best security standards.
Assuming the presale goes well, $SPY will be listed on major CEXs, starting with the MEXC Global market. Listing on CEX will make it easy for a wider range of people to access $SPY. It will give token users access to trade liquidity. When an exchange starts a token, it gets more attention and interest in the market, which is usually good for the token’s price and demand in the long run.
Payment APK, SpacePay’s most important tool, is being tested privately. When done, it will be marked by thorough testing to ensure it works perfectly and gives users a great experience. In the next step, it will be easy for people to add crypto activities to their daily lives.
In Phase 2, SpacePay will launch an e-commerce API that will let businesses add its payment solutions to their websites. The company will also form relationships with major payment processors and banks and start community award programs like airdrops and rewards for loyal customers.
Clarity & Support
The crypto market is having legal uncertainty right now, but SpacePay has a project that follows the rules. By following the rules set by regulators, it can do business in all countries that don’t have sanctions against it and reach an unlimited market.
Another thing that SpacePay has done is finish its Minimum Viable Product (MVP). It is now buying intellectual property (IP) to strengthen its standing in the market. The project has also successfully raised $750,000 from private investors. This shows that investors have a lot of faith in SpacePay’s plans for growth. It has also already invested money into the project’s growth by exercising a buy-back option.
SpacePay’s public purchase, which just started, has already raised over $250,000, showing that investors are excited about the idea. The advance is still very early, and the price is expected to rise slowly over the next few weeks.
How Much Potential Does SpacePay Have? Our Analysis
SpacePay has a big goal and a lot of support, so it has a lot of promise. But this rests on the state of the market, how well the project follows its plan, and how well it gets noticed and adopted by the market. According to the Corporate LiveWire Global Awards 2022/23, SpacePay won the “New Payment Platform of the Year” award, which shows how well the project works.
We are still in the early stages of growth, and there is still much to come, like relationships. The project is preparing for a big launch, which is a great start. Then there’s $SPY, the local utility token that will be very important for getting users to interact with SpacePay and helping it grow. The token, which follows standard methods in the industry, will be used to encourage active involvement by sending tokens to the wallets with the most activity every month.
Token buyers will also get special access to live workshops with SpacePay’s leadership team every three months and a passive income share of the platform’s profits. They might even be able to get new goods or services before anyone else. It will also be possible for people who own $SPY tokens to vote on ideas that are important for SpacePay’s future. This is how the system wants to give token users power and ensure it fits the community’s goals.
There are 34 billion tokens in circulation, but only 18 billion will be sold to the public. Also, 18% of the $SPY token supply goes to ecosystem and strategic relationships, and the other 18% goes to marketing and community building. Out of the rest, 12% will go to a backup fund, 10% will be used to build the platform, and 5% will be given to the owners.
FAQs
Conclusion
In the world of meme coins and short-term market plays, SpacePay has stood out as an interesting project with a useful goal and a long-term plan to change how payments are made. This project follows the rules and makes it easy for stores to accept cryptocurrency at regular point-of-sale (POS) devices. It’s also the cheapest way to do this, so cryptocurrency is easy to use for everyday purchases.
The platform changes how people pay in stores by accepting crypto and keeps users interested by giving them airdrops, rewards, special perks, and the right to vote through the $SPY token.
So, if you want to be a part of SpacePay’s journey, you can participate in the $SPY presale. This is a great chance to get tokens at a big price early on!
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