Why Decentralized Payment Control Makes SpacePay a Top Project to Watch
SpacePay operates on a fully decentralized architecture, granting users complete control over their funds and payment data. Unlike centralized platforms such as PayPal or Stripe, which custody user assets and expose them to risks like frozen accounts or data breaches, SpacePay leverages trustless protocols for transactions. The project eliminates corporate intermediaries, ensuring no single entity can manipulate fees, reverse payments, or access sensitive information without consent.
Centralized payment systems remain vulnerable to hacking and opaque practices, including hidden fees and forced policy changes. Even crypto payment services that require depositing funds into platform-controlled wallets undermine blockchain's core promise of self-custody. SpacePay's model directly addresses these flaws by prioritizing user sovereignty—a critical evolution as digital payments grow increasingly scrutinized.
