{"id":669580,"date":"2025-01-02T04:24:31","date_gmt":"2025-01-02T04:24:31","guid":{"rendered":"https:\/\/wncen.com\/?p=669580"},"modified":"2025-01-02T04:24:31","modified_gmt":"2025-01-02T04:24:31","slug":"spacepay-presale-is-a-chance-to-revolutionize-the-blockchain-economy-heres-how","status":"publish","type":"post","link":"https:\/\/wncen.com\/sponsored\/spacepay-presale-is-a-chance-to-revolutionize-the-blockchain-economy-heres-how\/","title":{"rendered":"SpacePay Presale is a Chance to Revolutionize the Blockchain Economy – Here’s How"},"content":{"rendered":"
The blockchain economy’s promise when it entered the financial ecosystem was to challenge the status quo and make the market more democratized. However, nothing much has been done to revolutionize the blockchain economy, which, to this day, is a cause of concern for many countries.<\/span><\/p>\n Whereas the unbridled freedom it offers is a nuisance for some particularly hegemonic governments, the complexity of blockchain technology is a nuisance for those who want to just make payments simply.<\/span><\/p>\n SpacePay<\/span><\/a> has a solution, and it is a combination of rewards as well as an app that could change the way people perceive crypto forever.<\/span><\/p>\n There is no denying that the world of blockchain finance hasn’t received the most adoption. From complexity to volatility, there are multiple reasons people turn away from it.<\/span><\/p>\n Furthermore, existing solutions related to crypto payment have either been cost-unfriendly or inefficient. Operating on centralized models, they are prone to the same issues as a standard fiat wallet. Delays in payments are common, and the friction created when handling high transaction volume is high. And what can be said about the network congestion and service disruptions that hasn’t already been said?<\/span><\/p>\n Solana, one of the world’s biggest blockchains and considered a champion for more eco-friendly crypto investing, has experienced half a dozen outages this year alone. This will likely continue.<\/span><\/p>\n Another issue is the lack of accessibility when it comes to existing crypto payment solutions. Most crypto payment providers only support Bitcoin or Ethereum. While Dogecoin and Litecoin often do make an appearance, crypto payment solutions of today are archaic, focusing only on a limited range of cryptocurrencies.<\/span><\/p>\n The SpacePay solution comes in the form of a two-pronged approach. Providing a terminal-agnostic payment protocol, SpacePay integrates with card payment machines as well as cryptocurrency wallets.<\/span><\/p>\n That makes standard crypto transactions have a similar feel to what’s already done in the digital economy. Users will be able to use their phones to interact with a merchant’s payment machines easily.<\/span><\/p>\n While this concept is simple, SpacePay has removed the roadblocks that made it impossible to implement properly before.<\/span><\/p>\n Take a merchant, for instance, who has a card machine available, allowing users to use their credit\/debit cards, Apple Pay, or Google Pay to pay using fiat money. What is the merchant’s trepidation when accepting crypto? There are two concerns.<\/span><\/p>\n One, they have no way to accept it other than using their own wallet. And two, the volatility of the crypto space doesn’t make it sensible for them to get paid in crypto, considering its value can drop quickly.<\/span><\/p>\n <\/p>\nSpacePay Addresses the Current Inefficiencies of Blockchain Space<\/b><\/h2>\n
How Does SpacePay Work?<\/b><\/h2>\n