Bitcoin mining company GoMining has officially launched its GoBTC Pay payment tool, a Bitcoin-native settlement infrastructure designed for merchants. The new offering allows consumer transactions to be settled directly in Bitcoin (BTC) without automatic conversion to fiat currency, directly competing with established services like Block’s Square.
The GoBTC Pay Gen1 SDK and API release opens access to external developers, wallet providers, and ecosystem partners. Up to 10 initial merchants will be onboarded in the first phase. The platform charges a 0.2% transaction fee, split equally between wallet providers and participating miners in GoMining’s private 15 EH/s mempool based on the Stratum V2 mining protocol. Average settlement time is approximately 12 hours, with transactions processed directly on the Bitcoin network and remaining non‑custodial throughout.
“Satoshi didn’t create Bitcoin to sit idle in wallets. It was designed to move value between people,” said Mark Zalan, CEO of GoMining. “We’re giving merchants and wallet providers the infrastructure to bring that vision into real-world commerce.” The tool addresses a key friction point in crypto adoption: merchants who wish to hold Bitcoin as a long-term asset or bypass traditional banking rails can do so without mandatory fiat conversion. The fee is notably competitive against credit card processing rates (1.5%–3.5%), though the 12‑hour settlement window is longer than near‑instant fiat networks.
The launch follows a demonstration at the Consensus conference in Miami and forms part of GoMining’s broader strategy to increase Bitcoin’s utility as a payment network. By offering a default BTC‑settlement infrastructure, the company aims to pressure other payment processors to offer similar direct settlement options, potentially accelerating integration of Bitcoin into everyday commerce.
