SpacePay, a London startup, solved a problem that’s been bugging the crypto world for years – how to actually spend digital money at regular stores.
They let businesses accept crypto through the same card machines already sitting on their counters. No new hardware to buy. Just a simple app that converts Bitcoin or Ethereum into fiat instantly. They charge 0.5%, compared to the 2%-4% that credit card companies take.
Why SpacePay Actually Built Something Useful
Go look at most crypto projects launching these days. Half of them promise to reinvent finance or create a new ecosystem. Then you dig deeper and realize there’s nothing there except a white paper and big dreams.
SpacePay went the opposite direction. They built software that works right now. A restaurant owner can download their app, hook it up to their existing Android payment terminal, and start taking crypto payments before lunch service. The system does all the crypto stuff behind the scenes.
The platform works with over 325 different crypto wallets. Got MetaMask? Cool. Prefer Trust Wallet? That works too. Merchants get paid in whatever currency they actually use.
The Money Side That Matters
Payment fees are killing small businesses. That corner restaurant pulling in $25,000 monthly? They could be handing over $750 just in credit card processing fees. SpacePay only takes 0.5%.
Traditional processors also love making you wait for your money. Process a sale on Monday, maybe see the cash on Thursday. SpacePay doesn’t play that game. The customer pays with crypto, and the merchant gets regular currency within seconds.
Crypto prices bounce around like crazy. That’s exactly why most shop owners want nothing to do with it. SpacePay converts everything to stable currency so fast that it doesn’t matter if Bitcoin tanks five minutes later.
Why Now Might Actually Be Good Timing
Crypto payments have been stuck in neutral for years. SpacePay cracked that puzzle by working with equipment that’s already everywhere instead of forcing businesses to start over.
Younger customers grew up with smartphones welded to their hands. They already buy crypto, trade it, hold it as investments. Using it to pay for physical stuff at actual stores feels like the obvious next step.
The regulatory mess has cleared up, too. Governments finally wrote some actual rules. Business owners can now get straight answers about whether accepting digital payments will land them in hot water.
Learn more about the project: Website | (X) Twitter | Telegram
The post How SpacePay Makes the Case for One of the Best Projects in 2025 appeared first on Cryptonews.