SpacePay by the Numbers: How a 0.5% Fee and $1M Presale Are Shaking Up Crypto Payments

London-based startup SpacePay is tackling one of crypto’s enduring challenges: everyday usability. While digital assets have gained traction as investments, most retail outlets still don’t accept them. SpacePay’s solution bypasses costly hardware upgrades by enabling existing payment terminals to process crypto through a simple software update.

The platform supports over 325 cryptocurrency wallets and charges merchants just 0.5% per transaction—a fraction of traditional card processing fees. With $1 million raised in its ongoing presale, SpacePay demonstrates growing interest in bridging the gap between crypto holders and mainstream commerce.

Merchant adoption remains crypto’s Achilles’ heel. Volatility concerns and technical barriers have kept many businesses on the sidelines. SpacePay’s approach addresses these pain points by minimizing upfront costs and operational complexity for retailers.