SpacePay Allows SPY Holders to Earn Money While Using the Innovative Payment Features of the Platform
The post SpacePay Allows SPY Holders to Earn Money While Using the Innovative Payment Features of the Platform appeared first on Coinpedia Fintech News
SpacePay’s solution is changing the way crypto transactions are carried out while ensuring that active users earn funds as passive income. The platform promotes itself as the first payment platform to share a portion of its revenue with users.
SpacePay plans to share some of its profits with users as revenue starts coming in. This initiative could also help the platform grow, as users know they will earn funds when the SpacePay ecosystem thrives.
It places the responsibility for the platform’s growth on the users, creating a win-win situation for both SpacePay and its community.
Beyond this, SpacePay plans to provide monthly loyalty airdrops to some of its users—the most active ones. This will reward them for consistently using the solution and could also encourage more users to join the ecosystem.
How SpacePay Payment System WorksThe payment platform is designed to change the way people transact in the virtual world. It aims to close the gap between traditional financial systems and decentralized finance. SpacePay tackles the primary issues that have affected the cryptocurrency ecosystem and reduces its accessibility and usability for everyday transactions.
The user-friendly software integrates with existing card machines and payment systems. It allows customers to use cryptocurrencies from over 325 wallets for purchases. It also lets merchants accept payouts in traditional currency from various cryptocurrencies.
This process is quite easy, as SpacePay integrates with existing payment methods, so users won’t have to learn complex systems or adapt to entirely new payment methods.
The platform’s Android terminal-agnostic APK seamlessly integrates with various payment platforms and applications. It supports MetaMask, Trust Wallet, Coinbase Wallet, Ledger Nano S, and many more.
Users can scan a QR code on the POS terminal and then select their preferred cryptocurrency for payment. They then click on “Proceed to Pay” to confirm their transaction. The system will notify them once the transaction is completed.
To explain it better, users will be required to enter their login details to access the payment solution. With a single click on “Start Transaction,” the transaction process will begin.
After that, users can quickly input their sales prices using the integrated keypad. From there, a QR code will be automatically generated, allowing customers to pay using their preferred cryptocurrency. While the customer’s payment is being confirmed, there will also be an instant screen update to keep both parties informed about the status of the transaction.
This process has several advantages. The first is that receiving the paid amount in fiat currency helps protect against price volatility. Cryptocurrency prices fluctuate a lot, and this sharp value change discourages people from accepting crypto payments.
However, receiving payment in fiat currency could encourage more merchants to start accepting cryptocurrency payments.
Another advantage of this method is the speed of transactions. SpacePay does not delay transactions, ensuring instant settlements that make it efficient for businesses of all kinds.
The platform also charges only a merchant fee of 0.5% per transaction, which is much lower than the industry standard. This makes it easy to determine how much the beneficiary will receive when payment is completed.
Community-Focused SystemSpacePay also allows its token holders to have a say in the development of the ecosystem.
They get to vote once a month on proposals that will impact various aspects of the ecosystem. This will include new initiatives, new features, and token-related decisions. The initiative empowers token holders and ensures that the project aligns with their vision.
Token holders will also have access to new features, products, and services before they are available to the general public. They can leverage this opportunity and enjoy the benefits of these features before they are accessible to everyone.
SpacePay users will also be involved in quarterly webinars. The event will allow them to have direct communication with the SpacePay leadership team.
The 45-minute sessions will receive firsthand insights into the company’s progress and plans. Users could trust the platform more through these programs that are aimed at promoting transparency.
How to Join the SpacePay Ongoing PresaleTo join the ongoing presale and accumulate the SPY token as early as possible, visit the SpacePay presale page, from where you will be required to connect your wallet. The options include Metamask, Wallet Connect, Coinbase Wallet, and Best Wallet.
After doing this, you will be able to buy the number of SPY tokens you want using crypto options like USDT, USDC, AVAX, BASE, ETH, BNB, MATIC, or bank card.
JOIN THE SPACEPAY (SPY) PRESALE NOW