SpacePay’s 0.5% Fee and $1M Presale Disrupt Crypto Payments Landscape

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-06 06:38:02

London-based startup SpacePay is tackling one of crypto’s oldest adoption hurdles: everyday payments. Their solution bypasses the need for merchants to install expensive new hardware, instead enabling over 325 cryptocurrency wallets to interface with standard Android card terminals through a simple software update.

The platform’s 0.5% transaction fee undercuts traditional payment processors while attracting $1 million in presale funding. This comes as merchants continue resisting crypto payments due to volatility concerns and technical complexity. SpacePay’s approach mirrors the seamless integration seen in fintech innovations like mobile wallets, but with a broader digital asset scope.

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