Think about the last time you tried paying with crypto at a store. You probably had to switch between apps, wait for confirmations, and worry about conversion rates.
changes this experience by making crypto payments work as simply as tapping a credit card. With nearly $1 million raised funding and tokens at $0.002507, investors recognize how this technology transforms everyday shopping.
The Journey of a SpacePay Transaction
Let’s follow what happens when a customer pays at a store using SpacePay. The journey starts when a merchant enters the sale amount on their payment terminal, just like with a regular card payment.
Instantly, their screen displays a QR code that contains all the important payment information. Think of this QR code as a digital price tag that any supported crypto wallet can read.
When a customer scans this code with their wallet, SpacePay’s technology springs into action behind the scenes. First, it checks if the customer has enough funds in their chosen cryptocurrency.
At the same time, it monitors current market rates to determine exactly how much crypto is needed to deliver the merchant’s requested amount in their local currency. All of this happens before the customer even confirms their payment.
The moment the customer approves the transaction, three things happen simultaneously: the crypto transfer begins, the exchange rate locks in place to protect the merchant’s earnings, and the system starts converting the payment to local currency.
This parallel processing explains why SpacePay can complete transactions in seconds while keeping fees at just 0.5%.
Connecting Wallets to Regular Stores
with existing payment systems works through a clever software upgrade to standard Android-based terminals. Think of it like installing a translation app on your phone – suddenly your device can understand multiple languages.
Similarly, when a store adds SpacePay’s software to their terminal, it gains the ability to communicate with hundreds of different crypto wallets without needing any new hardware.
The system’s ability to read 325+ different wallets comes from its universal QR code technology. Just as a PDF file looks the same no matter what device opens it, SpacePay’s QR codes work universally across all supported wallets.
Making Complex Technology Simple
Let’s break down how SpacePay makes complicated crypto technology work smoothly in the background. Automatic currency conversion, which might seem like magic, actually works similar to a foreign exchange desk at an airport.
When a customer initiates a payment, SpacePay checks multiple trusted price sources to find the best conversion rate. This happens instantaneously, ensuring merchants receive the exact amount they expect in their local currency.
The instant verification system uses what developers call “parallel processing.” Imagine multiple security guards checking different aspects of an ID card at the same time, rather than passing it from one to another.
SpacePay’s technology checks the customer’s wallet balance, verifies the cryptocurrency’s authenticity, and confirms the merchant’s account details simultaneously. This parallel approach explains why transactions complete in seconds rather than minutes or hours.
Merchant protection works through a “price locking” mechanism. The moment a customer scans the QR code, SpacePay creates a brief window where the exchange rate stays fixed.
Think of it like taking a snapshot of the current price – even if crypto markets move up or down during the payment, the merchant receives their requested amount. This protection, combined with smart contracts that automate the entire process, allows SpacePay to maintain its low 0.5% fee while ensuring everyone’s funds stay secure.
Your Questions About SpacePay Answered
The most common question about : “How does it work so quickly while staying secure?” The answer lies in advanced technology that processes multiple checks simultaneously.
While traditional systems check things one after another – like a line of people waiting to pass through a single security gate – SpacePay runs all security checks at once, similar to having multiple security gates operating in parallel.
Many merchants ask about the platform’s low 0.5% fee: “How can SpacePay charge so much less than credit cards?” The answer comes down to efficiency. Traditional payment systems involve many intermediaries, each adding their own fees. SpacePay creates a direct path between customer and merchant.
For potential investors wondering about token holder benefits, . The upcoming staking program will reward patient holders with passive income from network activity.
With the presale reaching nearly, early supporters can join through the official website using various payment methods, including USDT, AVAX, BASE, MATIC, ETH, BNB, or bank cards.
JOIN THE SPACEPAY (SPY) PRESALE NOW
| |
