SpacePay has introduced improved crypto solutions that make using digital currencies for everyday transactions easy.
The platform seeks to close the gap between traditional payment solutions and blockchain technology.
The crypto project integrates its system into existing payment machines and makes paying from more than 325 digital wallets possible. When these payments are made, businesses receive their preferred traditional currency.
SpacePay’s solution allows crypto to be used as easily as regular money, which is one of the biggest hurdles the crypto market is facing right now.
SpacePay has different solutions that could make it a big deal for crypto payments.
Its technology can be added to current traditional payment machines, allowing users to use crypto to make purchases without having to change their whole payment systems.
This integration also includes a way to protect against the constant changes in cryptocurrency prices. This means the businesses get the agreed-upon amount in regular fiat currency, no matter how volatile the crypto market is at the time of the transaction.
The platform also has super-fast transaction settlements, which are different from traditional payment systems that can be slow.
This instant settlement makes things easy for both customers and businesses. Plus, SpacePay supports a lot of popular cryptos, so users have a lot of choices in how they want to pay.
The payment provider also provides a budget-friendly solution for both shoppers and businesses. With low merchant fees of only 0.5% per transaction and no hidden charges, the platform offers a compelling alternative to other payment systems.
These benefits tackle many of the issues that have been slowing the use of crypto for everyday use,
Read more on cryptonews.com