SpacePay’s Payment Solution Helped It Raise Over $340,000 Amidst Bearish Market: Here’s How

cryptonews.com:

While the prices of major cryptocurrencies were plunging amidst the recent market crash, SpacePay has been ramping up its presale fundraising.

The project has already raised over $330,000 via its presale since its launch. This is prime evidence that the real utility of a project can help it push through the toughest market conditions. We will look into the key details about what SpacePay is and what solution it is offering to the crypto community.

SpacePay is a crypto payment software solution provider. With its solution, the project helps to interlink traditional finance and blockchain technology.

Even though cryptocurrencies have numerous benefits, they haven’t made it to the mainstream as a day-to-day payment method. There are several issues that act as barriers to stopping it from being used for everyday transactions.

What SpacePay offers is a straightforward solution. The project’s software connects easily with the existing card machines, which allows merchants to accept cryptocurrencies. SpacePay allows users to pay from over 325 wallets.

SpacePay also addresses some prevailing issues faced by blockchain technology. Here’s how the project helps to minimize these issues:

Even though blockchain technology has helped to transform the current financial sector, the technology still faces several challenges. One of the primary challenges is the lack of widespread adoption.

Users and merchants are unable to truly embrace cryptocurrencies due to a lack of understanding, volatility and a technological gap. What the current payment system was lacking was a payment solution that focused on integrating crypto and fiat.

One of the other issues facing blockchain technology at the moment is the high fees charged by some crypto payment