SpacePay’s Crypto Payment Solution Gains Traction with Merchant-Friendly Model

London-based startup SpacePay is bridging the gap between cryptocurrency and everyday commerce with a solution that allows merchants to accept digital assets without exposure to volatility. The system converts crypto payments to fiat at the point of sale through existing card terminals, supporting over 325 wallets. Early adoption signals appear strong, with $1.2 million raised in the ongoing token sale.

The platform's disruptive 0.5% transaction fee—a fraction of traditional card processors' 2-4% charges—demonstrates blockchain's potential to streamline payment rails. For a business processing $25,000 monthly, this represents potential savings of $375-$875 compared to conventional payment networks. SpacePay's architecture eliminates multiple intermediaries by leveraging distributed ledger technology.