London Startup SpacePay Aims to Simplify Crypto Payments for Retail
SpacePay, a London-based fintech startup, is tackling one of cryptocurrency's enduring challenges: real-world usability. The company's software solution enables existing Android payment terminals to process crypto transactions with a simple update, eliminating the need for specialized hardware.
Merchants can accept payments from over 325 crypto wallets while receiving immediate fiat settlement, bypassing volatility concerns. With transaction fees at 0.5%—significantly lower than traditional card processors—the system offers tangible cost savings for small businesses.
The platform employs bank-grade security protocols, suggesting serious ambitions to bridge decentralized finance with mainstream commerce. While no specific tokens are named, the wallet compatibility implies support for major ERC-20 and BEP-20 assets.
