SpacePay’s Crypto Payment Solution Gains Traction Amid Merchant Adoption Challenges
London-based startup SpacePay is addressing a critical pain point in crypto adoption by enabling businesses to accept digital asset payments through existing card readers. The solution eliminates technical barriers and volatility risks by instantly converting crypto to fiat at checkout, charging just 0.5% per transaction.
Traditional crypto payment systems have struggled with merchant adoption due to hardware costs, operational complexity, and exposure to market fluctuations. SpacePay's compatibility with 325+ wallets positions it as a bridge between crypto holders and mainstream commerce, potentially unlocking access to millions of unbanked consumers.