SpacePay is a mobile application that enables secure cryptocurrency transactions for purchasing goods and services through blockchain technology. It provides consumers and merchants with a reliable payment option in the expanding digital currency market.
Funding
$750K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Accepting cryptocurrency payments at point-of-sale (POS) systems can be complex for merchants, often requiring new hardware and integration, while consumers face challenges using various crypto wallets for everyday purchases. This complexity limits the adoption of cryptocurrency for mainstream commerce.
Solution
SpacePay offers a software solution that enables merchants to accept cryptocurrency payments on existing Android POS terminals. The SpacePay application allows customers to pay with cryptocurrency from over 325 wallets, while merchants receive payouts in their local currency. This approach mitigates risk for retailers and expands purchasing power for cryptocurrency users, making crypto transactions as seamless as traditional card payments.
Target Audience
SpacePay targets merchants looking to accept cryptocurrency payments without changing their existing POS infrastructure, as well as consumers who want to use their cryptocurrency wallets for everyday purchases.
Features
- Android application for seamless integration with existing POS terminals
- Supports payments from over 325 cryptocurrency wallets
- Converts cryptocurrency payments to local currency for merchants
- Eliminates the need for new hardware or complex integrations