Back
GoMining launches GoBTC Pay for direct bitcoin merchant payments

GoMining launches GoBTC Pay for direct bitcoin merchant payments

The new protocol offers SDK and API access, settles fully in bitcoin, and targets everyday commerce with fees of about 0.2%, positioning itself against Block's Square.

BTC

Fact Check
Both caller-supplied leads (CoinDesk and crypto.news) and GoMining's own blog confirm the core claim. Crypto.news specifically documents the GoBTC Pay SDK and API, full on-chain bitcoin settlement without fiat conversion, the 0.2% merchant fee, and everyday commerce targeting. CoinDesk confirms the SDK/API access and explicit positioning against Block's Square. All distinctive details in the claim match the sourced reporting.
    Reference: 123
Summary

Bitcoin mining company GoMining has launched GoBTC Pay, a payment protocol for merchants that enables direct bitcoin payments for everyday goods and services. The company said merchants can integrate the system through SDK and API access, while payments settle fully in bitcoin rather than being converted into fiat currency. GoMining said the protocol runs on Stratum V2 (a mining communication standard), has an average confirmation time of about 12 hours, and charges roughly 0.2% in fees split between wallet providers and miners. The product is being positioned as a competitor to Block's Square, underscoring a push to expand bitcoin-native payments in retail commerce.

Terms & Concepts
  • Stratum V2: A mining communication standard for coordinating bitcoin miners.
  • SDK: Software development kit used to build integrations.
  • API: A software interface that lets systems connect and exchange data.