New solutions are emerging in the crypto space that offer different and better ways to carry out financial transactions. These innovations are often different from the popular traditional options.
For this reason, they become complex for most people to use.
They often require downloading new applications and learning to transact differently in a whole new system. This, among other reasons, has limited crypto adoption, and this is where SpacePay comes in.
SpacePay’s financial technology seeks to connect traditional payments with new crypto solutions in a way that will give more power to businesses and customers.
One of the ways SpacePay solves the issue of less crypto adoption is by creating a decentralized payment system that can work with different types of payment terminals.
The approach lets businesses adopt crypto payments without changing how they currently operate. This means they can still go on with carrying out crypto transactions the same way they have been doing it for the traditional systems they are used to, making the switch smooth and easy.
Another problem that SpacePay solves is the high cost of transacting with some cryptos. It solves this by charging only 0.5% per transaction, without any hidden fees.
Many crypto transactions are also not instant, as they go through different stages of validation before completion. This may not be favorable for businesses that send and receive money almost immediately.
SpacePay also seeks to put an end to this by making sure that all transactions are settled instantly.
Not just these, users can be sure they will receive the exact amount sent during a transaction without fear that the value of the money sent will be affected by volatility, as is common in many cryptos.
This way,
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